The FBM KLCI extended its recovery, albeit marginally after lingering in the positive territory for most of the trading session as the key index closed at 1,839.44 pts yesterday. The MACD Indicator has extended another red bar, while the RSI remains above 50. Resistance will be pegged around the 1,850-1,870 levels. Support will be set around the 1,810 level.

MHB has breached above the RM0.84 resistance level with rising volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may rally, targeting the RM0.925 and RM0.98 levels. Support will be set around the RM0.785 level.

SUPERMX has formed a breakout-pullback-continuation pattern above the EMA120 level accompanied by improved volumes. The MACD Histogram has turned green, but the RSI is still below 50. Price may rally, targeting the RM2.39-RM2.50 levels. Support will be anchored around the RM1.99 level.

HSSEB has experienced a short-term trendline breakout above the RM1.61 level. The MACD Histogram has turned green, while the RSI remains above 50. Price may trend higher, targeting the RM1.77-RM1.85 levels. Support will be pegged around the RM1.51 level.

Source: Mplus Research - 9 Feb 2018