DPHARMA (Not Rated)

• DPHARMA remained unchanged to close at RM1.33 yesterday.
• Chart-wise, the stock has been rebounding since mid-March this year.
• Despite yesterday’s strong selling volume, the stock’s position was unchanged. Coupled with a bullish MACD Crossover and uptick in RSI, we expect the stock to trend higher.
• From here on, overhead resistance can be seen at RM1.50 (R1) and RM1.60 (R2).
• Conversely, downside supports can be identified at RM1.20 (S1) and RM1.00 (S2).

CCK (Not Rated)

• CCK gained 5.50sen (+14.5%) to close at RM0.435 yesterday.
• Chart-wise, the stock has been recovering since mid-March this year.
• Yesterday’s bullish candlestick closed higher above the 20-Day SMA backed by above average trading volume. With an uptick in key technical indicator we expect the upward momentum to persist.
• Should buying momentum persist, overhead resistance is at RM0.510 (R1) and RM0.580 (R2).
• Conversely, support levels can be identified at RM0.370 (S1) and RM0.305 (S2).

Source: Kenanga Research - 31 Mar 2020