The FBM KLCI staged a mild recovery to recoup some of its previous session’s losses, before closing at 1,746.81 pts yesterday. The MACD Histogram has turned green, while the RSI remains above 50. Resistance will be pegged around the 1,760-1,770 levels. Support will be set around the 1,730 level.

AEMULUS has experienced a breakout above the RM0.64 level with high volumes. The MACD Histogram has extended another green bar, but the RSI is overbought. Price may trend higher, targeting the RM0.715-RM0.75 levels after a mild pullback. Support will be set around the RM0.60 level.

KGB has experienced a breakout-pullback-continuation pattern above the EMA9 level with improved volumes. The MACD Histogram has turned green, while the RSI is above 50. Price may rally, targeting the RM0.75-RM0.80 levels Support will be anchored around the RM0.655 level.

POHKONG has formed a bullish engulfing candle to close above the EMA20 level accompanied by improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may trend higher, targeting the RM0.725 and RM0.795 levels. Support will be pegged around the RM0.61 level.

Source: Mplus Research - 10 Nov 2017