UWC (Not Rated)

• UWC lost 32.0 sen (-20.51%) to close at RM1.24 yesterday.
• Chart-wise, the stock has broken below all the key SMAs since last week, coupled with higher-than-average trading volume.
• Yesterday, the stock continued to form a long bearish candlestick, accompanied with bearish MACD signal, we believe the stock could move lower.
• With that, key support levels can be seen at RM1.00 (S1) and RM0.730 (S2).
• Conversely, key resistance levels are seen at RM1.64 (R1) and RM2.00 (R2).

SCIB (Not Rated)

• SCIB dropped 26.0 sen (-18.57%) to end at RM1.14 yesterday.
• Chart-wise, the stock has been undergoing a period of sell down since last week.
• Yesterday’s long bearish pin bar indicated continuous strong selling interest. Coupled with a bearish MACD crossover, we believe that there may be more downside.
• Key resistance levels can be found at RM1.40 (R1) and RM1.75 (R2).
• Conversely, downside supports can be identified at RM0.740 (S1) and RM0.400 (S2).

Source: Kenanga Research - 19 Mar 2020