Following the weakness on Wall Street overnight, the FBM KLCI gapped down and subsequently lingered in the negative territory before closing lower at 1,856.07 pts last Friday. 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.

NOTION has breached above the RM0.675 consolidation level accompanied by improved volumes. The MACD Line has risen above zero, but the RSI is overbought. Price may trend higher, targeting the RM0.76 and RM0.795 levels after a mild pullback. Support will be set around the RM0.625 level.

D&O has rebounded to close above the EMA120 level with some improved volumes. The MACD Histogram has turned positive, but the RSI is overbought. Monitor for a symmetrical triangle formation breakout above the RM0.665 level, targeting the RM0.71-RM0.74 levels. Support will be anchored around the RM0.63 level.

UZMA has experienced a breakout-pullback-continuation pattern above the EMA60 level with improved volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Price may trend higher, targeting the RM1.57-RM1.67 levels. Support will be anchored around the RM1.29 level.

Source: Mplus Research - 5 Mar 2018