The FBM KLCI recovered all its previous session losses, forming a bullish engulfing candle and subsequently closing at 1,861.50 pts last Friday. The MACD Histogram has extended another green bar, while the RSI remains below 50. Resistance will be pegged around the 1,880-1,890 levels. Support will be set around the 1,840 level.

GBGAQRS has rebounded to close above the EMA60 level accompanied by improved volumes. The MACD Histogram has turned green, while the RSI is re-testing 50. Monitor for a breakout above the RM1.95 level, targeting the RM2.08 and RM2.16 levels. Support will be set around the RM1.87 level.

NOTION has formed a breakout-pullback-continuation pattern above EMA20 level with rising volumes. The MACD Histogram has extended another green bar, but the RSI remains below 50. Monitor for a breakout above the RM0.675 level, targeting the RM0.76-RM0.795 levels. Support will be anchored around the RM0.625 level.

KGB has formed a short-term breakout-pullback-continuation pattern above the RM0.835 level with improved volumes. The MACD Histogram has extended another green bar, but the RSI is marginally below 50. Monitor for a breakout above the RM0.835 level, targeting the RM0.90-RM0.95 levels. Support will be anchored around the RM0.79 level.

Source: Mplus Research - 26 Feb 2018