The FBM KLCI staged a mild recovery, forming a hammer candle above the 1,750 level before closing around the 1,755.32 pts last Friday. The MACD Histogram has turned green, while the RSI has recovered above the oversold position. Resistance will be pegged around the 1,770-1,790 levels. Support will be set around the 1,750 level.

TUNEPRO has extended its gains above the EMA9 level with improved volumes The MACD histogram has turned green, while the RSI is hovering above 50. Monitor for a breakout above the RM1.19 level, targeting the RM1.27-RM1.33 levels. Support will be set around the RM1.12 level.

MMSV has formed a bullish engulfing candle to close above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is retesting the 50 level. Monitor for a symmetrical triangle formation breakout above the RM1.89 level, targeting the RM2.05-2.20 levels. Support will be anchored around the RM1.77 level.

TMCLIFE has formed a bullish engulfing candle to close above the EMA20 level with high volumes. The MACD Histogram has turned green. The RSI, however, has tripped below 50. Price may recover towards the RM0.85-RM0.895 levels. Support will be pegged around the RM0.77 level.

Source: Mplus Research - 16 Oct 2017