FRONTKN (Not Rated)

• FRONTKN gained 13.0sen (+6.34%) to close at RM2.18 yesterday.
• Chart-wise, the stock has been rebounding since mid-March this year.
• Yesterday’s candlestick continued to close higher, with the formation of a bullish pin bar, indicating strong buying force. Coupled with a bullish MACD crossover, we expect the stock to continue trending higher.
• From here on, overhead resistance can be seen at RM2.45 (R1) and RM2.70 (R2).
• Conversely, downside supports can be identified at RM1.80 (S1) and RM1.45 (S2).

CARIMIN (Not Rated)

• CARIMIN gained 5.00 sen (+7.25%) to close at RM0.740 yesterday.
• Chart-wise, the stock has been recovering since mid-March this year.
• Yesterday’s candlestick continued to close higher backed by above-average trading volume. Coupled with an uptick in key technical indicator, we expect the upward momentum to persist.
• Should buying momentum persist, overhead resistance is at RM0.890 (R1) and RM1.00 (R2).
• Conversely, support levels can be identified at RM0.590 (S1) and RM0.335 (S2).

Source: Kenanga Research - 7 Apr 2020