JAKS (Not Rated)

• JAKS lost 18.0 sen (-17.14%) to close at RM0.870 yesterday.
• Chart-wise, the stock continued to close lower after it broken below all the key SMAs few days ago, accompanied by higher than-average trading volume.
• Given the bearish sign from MACD indicator, we expect the stock to experience downward pressure ahead.
• From here on, key support levels are seen at RM0.810 (S1) and the next immediate support will be at RM0.730 (S2).
• Conversely, key resistance levels can be seen at RM1.00 (R1) and RM1.20 (R2).

KOSSAN (Not Rated)

• KOSSAN gained 18.0 sen (+3.52%) to end at RM5.30 yesterday.
• Chart-wise, the stock has broken into record high yesterday with a long bullish candlestick, backed by higher-than-average trading volume.
• Coupled with bullish crossover from MACD indicator, we believe the stock price could move higher.
• From here on, key resistance levels can be found at RM5.60 (R1) and RM5.85 (R2).
• Conversely, downside supports can be identified at RM5.10 (S1) and RM4.80 (S2).

Source: Kenanga Research - 13 Mar 2020