The FBM KLCI extended its gains and re-tested the 1,750 resistance level last Friday, before closing at 1,745.20 pts after forming a shooting star candle, implying a potential pullback over the short-term period. The MACD Histogram has extended another green bar, but the RSI is overbought. The immediate resistance will be pegged around the 1,750-1,770 levels. Support will be set around the 1,710 level.

IBHD has rebounded above the EMA60 level and subsequently re-tested the RM0.63 short-term resistance level with improved volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Monitor for a breakout above the RM0.63 level, targeting the RM0.66-RM0.70 levels. Support will be anchored around the RM0.60 level.

TADMAX experienced a symmetrical triangle formation breakout above the RM0.435 level with high volumes. The MACD Line has expanded positively above the zero level, but the RSI is overbought. Price could head for a short-term pullback before targeting the RM0.475-RM0.50 levels. Support will be anchored around the RM0.41 level.

LEONFB has formed a breakout-pullback-continuation pattern above the EMA9 level with improved volumes. The MACD Histogram has turned green, but the RSI is slightly overbought. Price may extend its gains, targeting the RM0.70-RM0.75 levels. Support will be set around the RM0.61 level.

Source: Mplus Research - 20 Mar 2017