The FBM KLCI managed to climb higher despite erasing most of its intraday gains as the key index closed at 1,839.62 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.

GKENT has formed a bullish engulfing candle above the EMA20 level with improved volumes. The MACD Histogram has extended another red bar, while the RSI remains above 50. Monitor for a breakout above the RM4.24 level, targeting the RM4.47 and RM4.60 levels. Support will be set around the RM4.07 level.

BJFOOD has gapped-up to close above the EMA20 level with rising volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a symmetrical triangle formation breakout above RM1.80, targeting the RM1.90-RM1.98 levels. Support will be anchored around the RM1.72 level.

LCTITAN has experienced a breakout-pullback-continuation pattern to close above the EMA9 level. The MACD Histogram has turned green, but the RSI is overbought. Monitor for a breakout above the RM5.81 level, targeting the RM6.12-RM6.32 levels. Support will be anchored around the RM5.52 level.

Source: Mplus Research - 9 Mar 2018