ROHAS (Not Rated)

• ROHAS gained 3.5 sen (+9.09%) to end at RM 0.420 yesterday.
• Chart-wise, the stock has broken above 50-days SMA yesterday, backed by higher-than-average trading volume.
• Coupled with bullish signal from MACD and uptick in momentum indicator, we believe the stock could move higher.
• On the way up, resistance levels are identified at RM0.490 (R1) and RM0.550 (R2).
• Conversely, supports can be found at RM0.340 (S1) and RM0.280 (S2).

ADVENTA (Not Rated)

• ADVENTA rose 6.5 sen (+10.08%) to close at RM0.710 yesterday.
• Chart-wise, the stock has gapped up and crossed above all the key SMAs yesterday, supported by higher-than-average trading volume.
• Coupled with bullish signal from MACD indicator, we believe the stock could move higher.
• From here on, overhead resistance can be seen at RM0.780 (R1) and RM0.900 (R2).
• Conversely, downside supports can be identified at RM0.590 (S1) and RM0.520 (S2).

Source: Kenanga Research - 24 Apr 2020