Tracking the gains on Wall Street overnight, the FBM KLCI extended its gains to re-capture the 1,700 psychological level, before closing around the 1,715.67 pts. The MACD Histogram has turned green, while the RSI continues to trend above 50. Resistance will be pegged around the 1,730-1,750 levels. Support will be set around the 1,680 level.

After forming a hammer candle at the EMA20 level, JCBNEXT has rebounded to close above the EMA9 level, forming a breakout-pullback-continuation pattern. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may rally further, targeting the RM2.20-RM2.47 levels. Support will be set around the RM1.93 level.

ENGTEX has formed a symmetrical triangle formation breakout above the RM1.30 level with high volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price target will be envisaged around the RM1.37 and RM1.47 levels. Support will be anchored around the RM1.24 level.

PTGTIN has gapped up and re-tested the RM0.345 resistance level with high volumes. The MACD Indicator has expanded positively above the zero level, but the RSI is overbought. Monitor for a breakout above the RM0.0.345 level, targeting the RM0.38-RM0.43 levels. Support will be pegged around the RM0.315 level.

Source: Mplus Research - 3 Mar 2017