The FBM KLCI endured a volatile trading session and subsequently gave up all its previous session’s gains, closing at 1,742.28 pts last Friday. The MACD Histogram has turned red, while the RSI remains above 50. Resistance will be pegged around the 1,750-1,760 levels. Support will be set around the 1,730 level.

SAMCHEM has rebounded off the EMA9 level with improved volumes. The MACD Histogram has turned green, while the RSI is above 50. Monitor for follow-through buying interest above RM0.995, targeting the RM1.03-RM1.07 levels after a mild pullback. Support will be set around the RM0.96 level.

POHUAT has closed above the EMA20 level accompanied by improved volumes. The MACD Histogram has turned green, but the RSI is below 50. Monitor for a breakout above RM2.00, targeting the RM2.08- RM2.13 levels Support will be anchored around the RM1.97 level.

SEM has experienced a symmetrical triangle formation breakout above the RM1.55 level accompanied by slightly improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may trend higher, targeting the RM1.63 and RM1.73 levels. Support will be pegged around the RM1.55 level.

Source: Mplus Research - 13 Nov 2017