Bargain hunting activities in selected index heavyweights lifted the FBM KLCI higher as the key index closed at 1,848.37 pts yesterday. The MACD Histogram has extended another red bar, while the RSI remains above 50. Resistance will be pegged around the 1,860-1,880 levels. Support will be set around the 1,830 level.

KERJAYA has formed a bullish engulfing candle with improved volumes. The MACD Histogram has turned green, while the RSI is approaching 50. Monitor for a breakout above the RM1.58, targeting the RM1.73 and RM1.81 levels. Support will be set around the RM1.49 level.

DELEUM has rebounded above the EMA9 level with rising volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may rally, targeting the RM1.19-RM1.25 levels. Support will be anchored around the RM1.07 level.

DAYANG has formed a bullish harami candle to close above the EMA9 level. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above the RM0.805 level, targeting the RM0.90-RM0.975 levels. Support will be anchored around the RM0.76 level.

Source: Mplus Research - 7 Mar 2018