KRONO (Not Rated)

• KRONO rose 5.0 sen (+9.26%) to close at RM0.590 yesterday.
• After a series of lacklustre stock movements and the formation of a “doji” the day before, the stock managed to closed above its 20-day and 50-day SMAs yesterday.
• Given the bullish signal from MACD, we believe that there may be more upside.
• From here, immediate resistance levels can be identified at RM0.600 (R1) and RM0.750 (R2).
• Conversely, support levels can be found at RM0.506 (S1) and RM0.220 (S2).

SLVEST (Not Rated)

• Yesterday, SLVEST gained 16.0 sen (+12.03%) to close at RM1.49.
• Chart-wise, the stock has been trending upwards since May, which prompted it to trend above all of its key-SMAs.
• Coupled with bullish signal from MACD indicator, we believe the stock could be poised for more upside.
• Should the bullish momentum persist, overhead resistance can be found at RM1.60 (R1) and RM1.75 (R2).
• Conversely, support levels can be identified at RM1.20 (S1) and RM1.00 (S2).