The FBM KLCI gapped-up and subsequently broke out above the 1,730 resistance level, before closing at 1,737.14 pts after the U.S. Federal Reserve raised its benchmark interest rates. The MACD Line has issued a BUY Signal, but the RSI is overbought. The next resistance will be pegged around the 1,750- 1,770 levels. Support will be set around the 1,710 level.

MITRA experienced a breakout above the RM1.31 consolidation level with high volumes. The MACD Line has expanded positively above the zero level, while the RSI continues to trend above 50. Price may rally, targeting the RM1.41-RM1.47 levels. Support will be anchored around the RM1.24 level.

CHINWEL has formed a bullish engulfing candle after rebounding off the EMA120 level with improved volumes. The MACD Histogram has extended another green candle, while the RSI is approaching 50. Monitor for a symmetrical triangle trendline breakout above the RM1.75 level, targeting the RM1.84- RM1.97 levels. Support will be anchored around the RM1.65 level.

LANDMRK experienced a flag-formation breakout above the RM0.82 level with high volumes. The MACD Histogram has extended another green bar, but the RSI is slightly overbought. Price may extend its gains, targeting the RM0.88-RM0.955 levels. Support will be set around the RM0.795 level.

Source: Mplus Research - 17 Mar 2017