The FBM KLCI halted a streak of four days of decline, forming a breakout-pullback-continuation pattern above the EMA9 level to close at 1,754.42 pts yesterday. The MACD Histogram has turned green, while the RSI is trending towards the overbought position. The immediate resistance will be pegged around the 1,770-1,780 levels. Support will be set around the 1,730 level.

AAX has gapped-up and re-tested the RM0.41 resistance level with improved volumes. The MACD Line has issued a BUY signal, while the RSI has rebounded off the 50 level. Monitor for a symmetrical triangle formation breakout to target the RM0.43-RM0.46 levels. Support will be anchored around the RM0.395 level.

CAREPLS has formed a breakout-pullback-continuation formation above the RM0.285 level with high volumes. The MACD Histogram has turned green, while the RSI is trending above 50. Price may rally to target the RM0.325-RM0.345 levels. Support will be pegged around the RM0.285 level.

After forming a double bottom formation above the RM0.625 level, FFHB has retested the RM0.77 resistance level. The MACD Histogram has turned green, but the RSI is overbought. Monitor for a breakout above the RM0.77 level to target the RM0.83-RM0.88 levels. Support will be set around the RM0.715 level.

Source: Mplus Research - 29 Mar 2017