The FBM KLCI gapped-down and subsequently lingered in the negative territory for the entire trading session before closing at its intraday low at 1,845.27 pts yesterday. The MACD Histogram has turned red, while the RSI has tripped below 50. Resistance will be pegged around the 1,860-1,880 levels. Support will be set around the 1,830 level.

PENTA has formed a bullish engulfing candle to close above the EMA20 level with improved volumes. The MACD Indicator has issued a BUY Signal, but the RSI remains below 50. Price may trend higher, targeting the RM2.66 and RM2.82 levels. Support will be set around the RM2.11 level.

WPRTS has formed a bullish engulfing candle to close above the EMA120 level with improved volumes. The MACD Histogram has turned green, while the RSI is approaching 50. Monitor for a breakout above the RM3.73 level, targeting the RM4.05-RM4.19 levels. Support will be anchored around the RM3.40 level.

MBSB has rebounded off the EMA120 level accompanied by improved volumes. The MACD Histogram has extended another green bar, while the RSI remains below 50. Monitor for a consolidation breakout above the RM1.19 level, targeting the RM1.26-RM1.31 levels. Support will be anchored around the RM1.15 level.

Source: Mplus Research - 16 Mar 2018