The  FBM KLCI has rebounded higher above the EMA20 level. The MACD  indicator  has issued a “Buy”  signal  above  zero. The  FBM KLCI  may  retest  the  all-time-high  closing  of  1,892.33  pts  over the near  term.  Resistance  will  be  located  around  the  1,900  level. Support is set around the  1,862-1,870 levels.

PASDEC  has  rebounded  off  the  EMA20  level  with  improved volumes, forming a bullish candle. The MACD Histogram has turned green.  The  RSI,  however,  is  hovering  below  50.  Price  may  rally towards  the  RM0.925-RM1.00  levels  after  a  short  consolidation. Support will be set around the RM0.77 level.

TEBRAU  has  experienced  a  breakout  above  the  RM1.36  level  with high volumes.  The  MACD indicator has  expanded positively above zero.  The  RSI, however,  is  overbought.  Price  may  be  due  for a  mild pullback before rallying towards the target of the RM1.49 and RM1.73 levels. Support will be set around the RM1.30 level.

EUPE  has  surged  above  the  RM1.00  psychological  level, accompanied  by  improved  volumes.  The  MACD  Histogram  has turned green,  but the  RSI is  slightly overbought. Price target  will be located  around  the  RM1.06-RM1.10  levels.  Support  will  be  pegged around the RM0.945 level.

Source: Malacca Securities Research