The FBM KLCI continues to eke-out minor gains as the key index advanced for the fourth straight session, closing at 1,838.28 pts ahead of the Lunar New Year break. The MACD Histogram has turned green, while the RSI is above 50. Resistance will be pegged around the 1,850-1,870 levels. Support will be set around the 1,810 level.

EKOVEST experienced a breakout—pullback-continuation pattern above the EMA9 level. The MACD Histogram has extended another green bar, but the RSI is below 50. Monitor for a trendline breakout above the RM1.04 level, targeting the RM1.10 and RM1.18 levels. Support will be set around the RM0.98 level.

GKENT has experienced a trendline breakout above the RM3.86 level. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may trend higher, targeting the RM4.09-RM4.20 levels. Support will be anchored around the RM3.70 level.

JHM has extended its gains to close above the EMA20 level. The MACD Histogram has extended another green bar, while the RSI is re-testing 50. Price may trend higher, targeting the RM1.67-RM1.70 levels. Support will be pegged around the RM1.48 leve

Source: Mplus Research - 19 Feb 2018