The FBM KLCI broke above the recent high of 1,759 and extended further toward next Fibonacci targets above 1,772 and 1,778 and it also attained an intraday high of 1,781 before closing at 1,778.47 (+10.41, +0.8%) yesterday. The Bollinger Band is expanding further and the MACD histogram have also extended additional green bar, while the RSI is staying above 70 level. The next immediate resistant level to observe is around 1,792, while the immediate support levels are seen around 1,729, 1,714, followed by the next critical support at 1,690.

JCY rebounded from the Bollinger Band's middle band at RM0.615. The MACD histogram is extending an additional green bar, while the RSI is staying above the 50 level. The next upside targets are around RM0.645 and RM0.675 respectively. Trailing stop with daily EMA9 or new entry stop loss below RM0.615.

INSAS rebounded above the Bollinger Band middle band's with increased volumes. The MACD is almost at the crossing up juncture. Monitor for the price to stay above RM0.940 to envisage a move toward RM0.965, RM1.00 and RM1.05. Trailing stop with daily EMA9 or new entry stop loss below RM0.920.

PPHB rebounded above the Bollinger Band’s middle band with the MACD almost at crossing up above the signal line juncture and the RSI is rising to 50 level. Monitor for the price to breakout at RM1.20 toward next targets around the RM1.26 and RM1.34 levels respectively. Trailing stop loss with the daily EMA9 line or new entry stop loss below RM1.14.

Source: Mplus Research - 3 May 2017