OMESTI (Not Rated)

• Yesterday, OMESTI gained 8.5 sen (+18.28%) to close at RM0.550.
• Chart-wise, the stock has broken above the 50 and 100-days SMAs yesterday, backed by higher-than-average trading volume.
• Coupled with bullish signal from MACD indicator, we believe the stock could trend higher.
• From here on, overhead resistance can be seen at RM0.610 (R1) and RM0.680 (R2).
• Conversely, downside supports can be identified at RM0.430(S1) and RM0.360 (S2).

MUHIBAH (Not Rated)

• Yesterday, MUHIBAH rose 11.50 sen (+12.99%) to close at RM1.00.
• Chart-wise, the stock continued to trade above the 20-days SMA, supported by higher-than-average trading volume.
• Coupled with bullish signal from MACD, we believe the stock could move higher.
• Should buying momentum persist, overhead resistance is at RM1.29 (R1) and RM1.62 (R2).
• Conversely, support levels can be identified at RM0.860 (S1) and RM0.750 (S2).

Source: Kenanga Research - 10 Apr 2020