The FBM KLCI chalked up marginal gains to record its third straight winning day, closing at 1,722.47 pts ahead of the two-day U.S. FOMC meeting. The MACD Histogram, however, has extended another red bar, but the RSI continues to trend above 50. Resistance will be pegged around the 1,730-1,750 levels. Support will be set around the 1,700 level.

After finding support along the EMA60 level, REXIT has rebounded off the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI hooked above 50. Monitor for a symmetrical triangle breakout above the RM0.69 level, targeting the RM0.735-RM0.80 levels. Support will be anchored around the RM0.64 level.

BONIA experienced a short-term consolidation breakout above the RM0.705 level with high volumes. The MACD Line has issued a BUY signal, while the RSI continues to trend above 50. Price could head for a short-term consolidation before targeting the RM0.81-RM0.91 levels. Support will be anchored around the RM0.65 level.

EWEIN experienced a breakout above the RM0.815 level with high volumes. The MACD Histogram has extended another green bar, but the RSI is overbought. Price may extend its gains, targeting the RM0.905-RM0.945 levels. Support will be set around the RM0.755 level.

Source: Mplus Research - 15 Mar 2017