LCTITAN (Not Rated)

• LCTITAN rose 12.0 sen (+7.10%) to finish at RM1.81 yesterday.
• Chart-wise, the stock has been on an uptrend since March this year. Notably, yesterday’s bullish candlestick prompted the stock to close above its 100-day SMA, signifying robust bullish momentum.
• Coupled with the formation of a “Golden Cross” a few days ago, we believe the stock may be poised for more upside.
• From here on, overhead resistance can be seen at RM2.40 (R1) and RM2.80 (R2).
• Conversely, downside supports can be identified at RM1.40 (S1) and RM1.00 (S2).

CARIMIN (Not Rated)

• CARIMIN climbed 4.5 sen (+6.77%) yesterday to end at RM0.710.
• Chart-wise, the stock started rallying about four days ago.Moreover, yesterday’s bullish candlestick gapped up to close above its 20-day and 50-day SMAs.
• Given the bullish MACD signal and upticks from momentum indicators, the stock may continue to trend higher.
• Resistance levels are found at RM0.890 (R1) and RM1.00 (R2).
• Conversely, support levels can be identified at RM0.590 (S1) and RM0.335 (S2).

Source: Kenanga Research - 6 May 2020