The FBM KLCI trended lower for the third consecutive session as the key index traded mostly in the negative territory before closing at 1,741.05 pts yesterday. The MACD Histogram has turned red, while the RSI remains below 50. Resistance will be pegged around the 1,750-1,760 levels. Support will be set around the 1,730 level.

CAB has experienced a breakout-pullback-continuation pattern above the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may trend higher, targeting the RM1.10-RM1.15 levels Support will be set around the RM0.985 level.

AWC has formed a bullish engulfing candle to close above the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a trendline breakout above the RM1.04 level, targeting the RM1.08-RM1.14 levels Support will be anchored around the RM1.00 level.

SALUTE has experienced a flag-formation breakout above the RM1.49 level accompanied by improved volumes. The MACD Line has expanded positively above the zero level, but the RSI is overbought. Price may rally, targeting the RM1.63 and RM1.69 levels. Support will be pegged around the RM1.40 level.

Source: Mplus Research - 3 Nov 2017