Hiap Teck Venture formed an “Upside Gap” and crossed above the 30-day SMA line in the latest session. This came after it tested the MY0.19 support over the past month. A positive bias may emerge above MYR0.19 while resistance points are pegged at MYR0.235, followed by MYR0.255. A stop-loss can be placed below MYR0.19. Chemical Co of Malaysia crossed above both the MYR1.68 resistance and the 30-day SMA line in the latest session. This implies its rebound which started from the low of MYR1.48 is extending. Towards the upside, the resistance levels are expected at MYR1.80, followed by MYR2.00. A stop-loss can be set below MYR1.60

Source: RHB Securities Research - 1 Oct 2019