The FBM KLCI formed a bullish engulfing candle to close above the EMA20 level as the key index closed at 1,725.15 pts yesterday. The MACD Histogram has extended another green bar, while the RSI remains above 50. Resistance will be pegged around the 1,730-1,750 levels. Support will be set around the 1,700 level.

After finding support above the EMA60 level, MASTEEL has gapped up and closed above the EMA20 level accompanied by improved volumes. The MACD Histogram has turned green, but the RSI is below 50. Price may rally, targeting the RM1.51-RM1.65 levels. Support will be set around the RM1.29 level.

D&O has gapped up and closed above the EMA20 level. The MACD Histogram has extended another green bar, but the RSI is below 50. Monitor for a breakout above the RM0.665 level, targeting the RM0.71-RM0.75 levels. Support will be anchored around the RM0.635 level.


AEMULUS has extended its gains to close above the EMA60 level with rising volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Monitor for a breakout above the RM0.63 level, targeting the RM0.67-RM0.715 levels. Support will be set around the RM0.59 level.

Source: Mplus Research - 13 Dec 2017