After trading in the negative territory for the entire trading session, the FBM KLCI extended its losses to close at 1,739.56 pts yesterday. The MACD Histogram has extended another red bar, while the RSI has tripped below 50. The immediate resistance will be pegged around the 1,750-1,770 levels. Support will be set around the 1,730 level.

SOLUTN has experienced a symmetrical triangle formation breakout above RM0.325 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is continues to trend above 50. Price may rally towards the target of RM0.355-RM0.38. Support will be anchored around the RM0.315 level.

KPS has experienced a breakout-pullback-continuation pattern above the EMA20 level. The MACD Histogram has turned green, while the RSI continues to trend above 50. Price target will be envisaged around the RM1.74 and RM1.90 levels. Support will be pegged around the RM1.36 level.

PWROOT has gapped up to close above the EMA9 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is retesting 50. Price may rally towards the target of RM2.46-RM2.60. Support will be located around the RM2.29 level.

Source: Mplus Research - 7 Apr 2017