The FBM KLCI gapped up and subsequently recovered all its previous session losses, before closing at 1,746.13 pts last Friday. The MACD Histogram has extended another green bar, while the RSI has recovered from the oversold. Resistance will be pegged around the 1,750-1,760 levels. Support will be set around the 1,730 level.

D&O has formed a bullish engulfing candle to close above the EMA20 level with some improved volumes. The MACD Histogram has extended another red bar, while the RSI remains above 50. Price may rally, targeting the RM0.71-RM0.735 levels Support will be set around the RM0.615 level.

ORNA has risen above the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Monitor for a trendline breakout above the RM1.41 level, targeting the RM1.51-RM1.60 levels. Support will be anchored around the RM1.35 level.

After consolidating over the past month, EATECH has rebounded off the EMA60 level. The MACD Histogram has extended another green, while the RSI remains above 50. Monitor for a consolidation breakout above the RM0.52 level, targeting the RM0.56 and RM0.595 levels. Support will be pegged around the RM0.465 level.

Source: Mplus Research - 30 Oct 2017