Despite opening lower at the start of the trading bell, the FBM KLCI managed to claw its way to the positive territory, closing higher at 1,860.86 pts yesterday. The MACD Histogram has extended another red bar, while the RSI remains above 50. Resistance will be pegged around the 1,880-1,890 levels. Support will be set around the 1,850 level.

EATECH has gapped-up and subsequently breached above the RM0.385 level accompanied by improved volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Price may trend higher, targeting the RM0.42 and RM0.45 levels. Support will be set around the RM0.35 level.

BPLANT has experienced a breakout above the RM1.70 level. The MACD Histogram has extended another green bar, but the RSI is overbought. Monitor for a pullback to accumulate around the RM1.70 level before targeting the RM1.76-RM1.81 levels. Support will be anchored around the RM1.66 level.

DUFU has rebounded to close above the EMA20 level after recouping all its intraday losses. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a symmetrical triangle formation breakout above the RM1.19 level, targeting the RM1.31-RM1.39 levels. Support will be anchored around the RM1.08 level.

Source: Mplus Research - 2 Mar 2018