VITROX (Not Rated)

•  VITROX rose 35.0 sen (+3.98%) to close at RM9.15 yesterday.
• The chart has been trending upwards since mid-March.
• Chart-wise, yesterday’s bullish candlestick closed higher while trending above all key-SMAs. Coupled with the uptick in key technical indicators, we believe the stock will continue its upward momentum.
• With that, overhead resistance can be seen at RM9.60 (R1) and RM10.00 (R2).
• Conversely, key support levels are identified at RM8.45 (S1) and RM7.70 (S2).

KGB (Not Rated)

• KGB gained 6.5 sen (+6.60%) to end at RM1.05 yesterday.
• Chart-wise, the stock has been consolidating since mid-April.
• Yesterday candlestick closed higher with the formation of a “Marubozu” candlestick. Given an uptick in RSI and potential bullish MACD Crossover we believe the stock will trend higher.
• From here on, key resistance levels can be found at RM1.15 (R1) and RM1.30 (R2).
• Conversely, supports are identified at RM0.960 (S1) and RM0.890 (S2).