The FBM KLCI managed to recover all its intraday losses before closing slightly higher at 1,870.48 pts last Friday. The MACD Histogram has extended another green bar, but the RSI is overbought. Resistance will be pegged around the 1,880-1,890 levels. Support will be set around the 1,850 level.

MBSB has gapped up after finding support above the EMA120 level with improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Monitor for a breakout above the RM1.26 level, targeting the RM1.35 and RM1.38 levels. Support will be set around the RM1.19 level.

DESTINI has rebounded to close above the EMA9 level. The MACD Histogram has turned green, while the RSI is re-testing 50. Monitor for a symmetrical triangle formation breakout above the RM0.635 level, targeting the RM0.67-RM0.725 levels. Support will be anchored around the RM0.60 level.

IFCAMSC has extended its gains to close above the EMA60 level with mildly improved volumes. The MACD Histogram has extended another green bar, while the RSI has recovered from the oversold positon. Monitor for a breakout above the RM0.375 level, targeting the RM0.41-RM0.435 levels. Support will be pegged around the RM0.35 level.

Source: Mplus Research - 5 Feb 2018