Tracking the fresh weakness on Wall Street overnight, the FBM KLCI snapped a three day winning streak ahead of the mid-week public holiday break to close lower at 1,868.58 pts last Tuesday. The MACD Histogram has extended another green bar, but the RSI is overbought. Resistance will be pegged around the 1,870-1,890 levels. Support will be set around the 1,850 level.

ROHAS has formed a bullish engulfing candle to close above the EMA9 level. The MACD Histogram has turned green, while the RSI has recovered from the oversold position. Monitor for a breakout above the RM1.47 level, targeting the RM1.58 and RM1.65 levels. Support will be set around the RM1.40 level.

PANTECH has gapped-up to close above the EMA60 level with high volumes. The MACD Histogram has extended another green bar, but the RSI remains below 50. Monitor for a breakout above the RM0.655 level, targeting the RM0.705-RM0.74 levels. Support will be anchored around the RM0.625 level.

EWINT has formed a bullish engulfing candle above the EMA20 level with improved volumes. The MACD Histogram has extended another red candle, while the RSI remains above 50. Price may trend higher, targeting the RM1.14-RM1.20 levels. Support will be pegged around the RM1.06 level.

Source: Mplus Research - 2 Feb 2018