KPOWER (Not Rated)

• KPOWER gained 17.0 sen (+7.80%) to close at RM2.35 yesterday.
• Chart-wise, the stock has broken above the significant resistance at RM2.30 yesterday, backed by higher-than-average trading volume.
• Given the bullish MACD signal, we believe the stock may continue to trend higher.
• Key resistance levels are seen at RM2.70 (R1) and RM3.00 (R2).
• Conversely, support levels can be identified at RM2.00 (S1) and RM1.50 (S2).

SAM (Not Rated)

• SAM gained 44.0 sen (+7.09%) to close at RM6.65 yesterday.
• Chart-wise, the stock has broken above all the key SMAs yesterday, backed by higher-than-average trading volume.
• Given the bullish MACD signal and upticks from key momentum indicators, the stock may continue to trend higher.
• Key resistance levels are seen at RM7.20 (R1) and RM8.00 (R2).
• Conversely, support levels can be identified at RM6.00 (S1) and RM5.60 (S2).

Source: Kenanga Research - 19 Jun 2020