COMFORT (Not Rated)

• COMFORT gained 14.00sen (+9.93%) to close at RM1.55 yesterday.
• Chart-wise, the stock has been on an uptrend since late-March.
• Yesterday’s candlestick closed higher backed by above average trading volume. The 20-Day SMA continues to show an uptick in momentum indicating strong buying interest, coupled with a bullish MACD cross over where we expect the uptrend to persist.
• From here on, overhead resistance can be seen at RM1.80 (R1) and RM2.20 (R2).
• Conversely, downside supports can be identified at RM1.40 (S1) and RM1.00 (S2).

EFORCE (Not Rated)

• EFORCE gained 2.5 sen (+5.88%) to close at RM0.450 yesterday.
• Chart-wise, the stock has been recovering since mid-March this year.
• Yesterday’s surge in buying volume led to the formation of a bullish candlestick. Given the uptick in trading volume and RSI ,we thus expect the buying momentum to continue.
• Should the stock head north, overhead resistance is seen at RM0.520 (R1) and RM0.590 (R2).
• Conversely, support levels can be identified at RM0.410 (S1) and RM0.340 (S2).

Source: Kenanga Research - 5 May 2020