TOPGLOV (Not Rated)

• TOPGLOV gained 11.0sen (+1.83%) to close at RM6.11 yesterday.
• Chart-wise, the stock has broken above the previous peak at RM6.10 and the stock remains well above all the key SMAs.
• Coupled with bullish crossover from MACD indicator, we believe the price could move higher.
• From here on, key resistance levels are seen at RM6.35 (R1) and RM6.60 (R2).
• Conversely, key support levels can be seen at RM5.60 (S1) and RM5.45 (S2).

PWROOT (Not Rated)

• PWROOT dropped 14.0sen (-6.51%) to end at RM2.01 yesterday.
• Chart-wise, the stock has broken below all the key SMAs yesterday, accompanied by higher-than-average trading volume.
• Coupled with bearish crossover from MACD indicator, we believe the stock price could move lower.
• From here on, downside supports can be identified at RM1.90 (S1) and RM1.85 (S2).
• Conversely, key resistance levels can be found at RM2.15 (R1) and RM2.25 (R2).

Source: Kenanga Research - 10 Mar 2020