KRONO (Not Rated)

• KRONO lost 1.5 sen (-3.53%) to close at RM0.410 yesterday.
• Chart-wise, the stock has been trading below all the key SMAs, accompanied by higher-than-average trading volume.
• Coupled with bearish signal from MACD and uninspiring momentum indicator, we believe the stock price could drop further.
• From here on, downside supports can be identified at RM0.310 (S1) and RM0.220 (S2)
• Conversely, overhead resistance can be seen at RM0.510 (R1) and RM0.600 (R2).

FOCUS (Not Rated)

• FOCUS gained 1.0 sen (+1.53%) to close at RM0.665 yesterday.
• Chart-wise, the stock has rebounded upon touch the support level at the 100-days SMA level, backed by higher-thanaverage trading volume.
• Yesterday, the stock has been testing the resistance level at 20 and 50-days SMAs, however, breakout signal such as breaking above all SMAs is required to confirm a strong rebound.
• Should buying momentum persist, overhead resistance is at RM0.700 (R1) and RM0.800 (R2).
• Conversely, support levels can be identified at RM0.620 (S1) and RM0.570 (S2).

Source: Kenanga Research - 27 Mar 2020