KRETAM (Not Rated)

• KRETAM rose 3.5 sen (+9.72%) to close at RM0.395 yesterday.
• Chart-wise, yesterday’s bullish “Marubozu” candlestick closed higher on the back of stronger-than-average trading volumes, which prompted the stock to trend above all of its key SMAs.
• Coupled with upticks from its key momentum indicators, the stock may be poised for more upside.
• Should the bullish momentum persist, overhead resistance can be seen at RM0.440 (R1) and RM0.475 (R2).
• Conversely, key support levels are identified at RM0.355 (S1) and RM0.320(S2).

ATAIMS (Not Rated)

• ATAIMS gained 8.0 sen (+6.56%) to end at RM1.30 yesterday.
• Chart-wise, the stock began rallying in early June, which sees the stock currently trending steadily above all of its key SMAs.
• Given the bullish MACD signal and continual upticks from its key momentum indicators, we believe the bullish momentum may persist.
• From here on, key resistance levels can be found at RM1.50 (R1) and RM1.70 (R2).
• Conversely, supports are identified at RM1.15 (S1) and RM0.925 (S2).

Source: Kenanga Research - 24 Jun 2020