PTRANS (Not Rated)

• PTRANS gained 1.50sen (+8.11%) to close at RM0.200 yesterday.
• Chart-wise, the stock has been rebounding since late-March this year.
• Yesterday’s candlestick closed higher with the formation of a bullish candlestick backed by above-average trading volume. Coupled with an uptick in key technical indicator, we expect the stock to continue trending higher.
• From here on, overhead resistance can be seen at RM0.230 (R1) and RM0.270 (R2).
• Conversely, downside supports can be identified at RM0.175 (S1) and RM0.150 (S2).

SCOMNET (Not Rated)

• SCOMNET gained 10.00 sen (+17.21%) to close at RM0.720 yesterday.
• Chart-wise, the stock has been recovering since mid-March this year.
• Yesterday’s candlestick closed higher backed by a surge in trading volume. We believe the uptrend will persist as it has recently broke above its 100-Day SMA, which indicated strong buying momentum.
• Should the stock head north, overhead resistance are seen at RM0.810 (R1) and RM0.900 (R2).
• Conversely, support levels can be identified at RM0.630 (S1) and RM0.485 (S2).

Source: Kenanga Research - 14 Apr 2020