FPGROUP (Not Rated)

• FPGROUP gained 6.0sen (+7.55%) to close at RM0.855 yesterday.
• Chart-wise, the stock has been on an uptrend since August last year.
• Yesterday the candlestick closed higher with a bullish engulfing candlestick pattern and continued to find support near its 50- Day SMA. Coupled with an uptick in key technical indicators, we thus believe the uptrend shall persist.
• From here on, key resistance levels are seen at RM0.925 (R1) and RM1.00 (R2).
• Conversely, key support levels can be seen at RM0.695 (S1) and RM0.580 (S2).

UWC (Not Rated)

• UWC gained 17.0sen (+6.61%) to end at RM2.74 yesterday.
• Chart-wise, the stock has been on an uptrend since last year mid-July.
• Yesterday, the candlestick closed higher, backed by above average trading volume. With the stock’s Stochastic displaying a positive uptick in its oversold region, we believe the stock could be rebounding and trend higher should the buying momentum resume.
• From here on, its key resistance levels can be found at RM 3.10 (R1) and RM3.30 (R2).
• Conversely, downside supports can be identified at RM2.40 (S1) and RM2.20 (S2).

Source: Kenanga Research - 3 Mar 2020