The FBM KLCI managed to close in the positive territory after recovering all its intraday losses as the key index closed at 1,864.03 pts yesterday. The MACD Histogram has extended another green bar, while the RSI is above 50. Resistance will be pegged around the 1,880-1,890 levels. Support will be set around the 1,840 level.

GBGAQRS has formed a bullish engulfing candle to breach above the RM1.76 level with improved volumes. The MACD Histogram has turned green, while the RSI has recovered from the oversold position. Price may trend higher, targeting the RM1.95 and RM2.01 levels. Support will be set around the RM1.65 level.

CCMDBIO has experienced a symmetrical triangle formation breakout above the RM2.87 level. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may rally, targeting the RM3.04-RM3.20 levels. Support will be anchored around the RM2.75 level.

TRIPLC has experienced a breakout-pullback-continuation pattern above the EMA60 level with improved volumes. The MACD Indicator has issued a BUY signal, while the RSI has risen above 50. Price may advance, targeting the RM2.50-RM2.60 levels. Support will be anchored around the RM2.30 level.

Source: Mplus Research - 14 Mar 2018