The FBM KLCI advanced for the third straight session after recovering all its intraday losses as the key index closed at 1,838.04 pts yesterday. The MACD Histogram has turned green, but the RSI is overbought. Resistance will be pegged around the 1,850-1,870 levels. Support will be set around the 1,820 level.

ASTINO has broken out above the short term resistance of RM1.07 level with improved volumes. The MACD Histogram has turned green, while the RSI is hovering above 50. Price target will be envisaged around the RM1.20 and RM1.29 levels. Support will be set around the RM1.03 level.

DELEUM has formed a bullish engulfing candle after finding support above the EMA20 level. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above the RM1.11 level, targeting the RM1.19-RM1.25 levels. Support will be anchored around the RM1.05 level.

MRCB has experienced a breakout-pullback-continuation pattern above the EMA60 level. The MACD Histogram has extended another green bar, while the RSI is re-testing 50. Price may trend higher, targeting the RM1.31-RM1.37 levels. Support will be pegged around the RM1.13 level.

Source: Mplus Research - 24 Jan 2018