RUBEREX (Not Rated)

• Yesterday, RUBEREX remained unchanged at RM0.820.
• Chart-wise, the stock began rallying since late last year, which see it currently trending above all of its key SMAs.
• Coupled with a bullish MACD signal, we believe the bullish momentum may persist.
• Resistance levels can be found at RM0.950 (R1) and RM1.10 (R2).
• Conversely, support levels can be identified at RM0.720 (S1) and RM0.650 (S2).

GENM (Not Rated)

• GENM gained 8.0 sen (+3.85%) to close at RM2.16 yesterday.
• Chart-wise, the stock started to trend upwards since late-March this year.
• Yesterday’s candlestick closed higher with the formation of a bullish candlestick. Coupled with an uptick in key technical indicator, we believe the stock may be poised for more upside.
• From here on, overhead resistance can be seen at RM2.50 (R1) and RM2.75 (R2).
• Conversely, downside supports can be identified at RM2.00 (S1) and RM1.80 (S2).

Source: Kenanga Research - 15 Apr 2020