The positive sentiment on Wall Street overnight spilled over to the FBM KLCI as the key index traded positively before closing at an intraday high of 1,789.86 pts yesterday. The MACD Histogram has extended another green bar, while the RSI remains above 50. Resistance will be pegged around the 1,790-1,800 levels. Support will be set around the 1,760 level.

GHLSYS has formed a bullish engulfing candle to above the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Monitor for a breakout above the RM1.70 level, targeting the RM1.80-RM1.87 levels. Support will be anchored around the RM1.65 level.

REXIT has closed above the EMA60 level accompanied by higher volumes. The MACD Histogram has extended another green bar. The RSI have also recovered from the oversold position. Monitor for a trendline breakout above the RM0.88 level, targeting the RM0.93-RM0.98 levels. Support will be pegged around the RM0.86 level.

CEPAT has experienced a breakout-pullback-continuation pattern above the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI rose above 50. Price may rally, targeting the RM1.00-RM1.05 levels. Support will be set around the RM0.91 level.

Source: Mplus Research - 13 Sept 2017