GHLSYS (Not Rated)

• GHLSYS gained 8.0sen (+5.03%) to close at RM1.67 yesterday.
• Chart-wise, the stock has been on an uptrend after the formation of the “saucer” pattern in early January this year.
• Yesterday’s candlestick continued to find support at its 20-Day SMA while forming higher lows. Coupled with an uptick in all key SMAs, we expect the uptrend to persist.
• From here on, key resistance levels are seen at RM1.75 (R1) and RM1.80 (R2).
• Conversely, key support levels can be seen at RM1.50 (S1) and RM1.45 (S2).

SAM (Not Rated)

• SAM lost 6.0sen (-0.78%) to end at RM7.63 yesterday.
• Chart-wise, the stock has been on a downtrend since last year August.
• Yesterday, candlestick continued to close lower below all key-SMAs, indicating strong selling pressure. Coupled with lacklustre momentum in key technical indicators, we expect the share to trend lower.
• From here on, downside supports can be identified at RM7.20 (S1) and RM6.80 (S2).
• Conversely, key resistance levels can be found at RM8.00 (R1) and RM8.40 (R2).

Source: Kenanga Research - 4 Mar 2020