After gapping-up and lingering in the positive territory the entire trading session, the FBM KLCI extended its gains to close above the EMA20 level at 1,833.90 pts yesterday. The MACD Histogram has turned green, while the RSI is hovering at 50. Resistance will be pegged around the 1,850-1,870 levels. Support will be set around the 1,810 level.

FGV trended sideways after finding support along the EMA120 level. The MACD Histogram has turned green, but the RSI is below 50. Monitor for a trendline breakout above the RM1.91 level, targeting the RM2.09 and RM2.19 levels. Support will be set around the RM1.75 level

D&O has breached above the RM0.615 short-term consolidation level accompanied by some improved volumes. The MACD Histogram has extended another green bar, while the RSI has recovered from the oversold position. Price may trend higher, targeting the RM0.655-RM0.69 levels. Support will be anchored around the RM0.575 level.

SAMCHEM has formed a bullish harami candle to close above the EMA120 level. The MACD Histogram has turned green, but the RSI remains oversold. Monitor for a breakout above RM1.04, targeting the RM1.11-RM1.18 levels. Support will be pegged around the RM0.975 level.

Source: Mplus Research - 14 Feb 2018