GDB (Not Rated)

• GDB gained 2.0sen (+4.49%) to close at RM0.465 yesterday.
• Chart-wise, the stock has been on a down trend since mid-February this year.
• Yesterday, the stock closed higher, backed by above average trading volume. Coupled with a potential bullish MACD crossover and the formation of a saucer pattern, we thus expect the uptrend to persist.
• From here on, overhead resistance can be seen at RM0.550 (R1) and RM0.625 (R2).
• Conversely, downside supports can be identified at RM0.425 (S1) and RM0.380 (S2).

TOPGLOV (Not Rated)

• TOPGLOV gained 9.0 sen (+1.47%) to close at RM6.20 yesterday.
• Chart-wise, the stock has been on an uptrend since early January this year.
• Yesterday’s candlestick closed higher and continued to trade above all key SMAs, indicating strong buying momentum. Coupled with an uptick in key technical indicator, we expect the bullish momentum to persist.
• Should buying momentum persist, overhead resistance is at RM6.40 (R1) and RM6.60 (R2).
• Conversely, support levels can be identified at RM6.00 (S1) and RM5.70 (S2).

Source: Kenanga Research - 26 Mar 2020