MFLOUR (Not Rated)

• MFLOUR gained 4.5 sen (+8.74%) to end at RM 0.560 yesterday.
• Chart-wise, the stock began to rebound since mid-March this year.
• Yesterday’s candlestick closed higher on the back of stronger-than-average trading volume. Given a bullish MACD signal, we believe the stock may be poised for more upside.
• On the way up, resistance levels are identified at RM0.730 (R1) and RM0.850 (R2).
• Conversely, supports can be found at RM0.460 (S1) and RM0.350 (S2).

COMFORT (Not Rated)

• COMFORT rose 15.0 sen (+13.89%) to close at RM1.23 yesterday.
• Chart-wise, the stock has been rallying since mid-March this year, which sees it currently trending above all of its key SMAs.
• Coupled with upticks in momentum indicator and robust trading volumes, we believe the bullish momentum may persist.
• From here on, overhead resistance can be seen at RM1.40 (R1) and RM1.60 (R2).
• Conversely, downside supports can be identified at RM1.00 (S1) and RM0.850 (S2).

Source: Kenanga Research - 22 Apr 2020