Following the U.S. Federal Reserve’s move to raise its benchmark interest rates, the FBM KLCI advanced for the fifth consecutive session, closing at 1,876.87 pts yesterday. The MACD Indicator has issued a BUY signal, 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.

HSSEB has breached above the RM1.49 level with improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI is approaching 50. Price may rally, targeting the RM1.67 and RM1.74 levels. Support will be set around the RM1.37 level.

BAUTO has experienced a breakout-pullback-continuation pattern above the EMA9 level. The MACD Histogram has turned green, but RSI is slightly overbought. Monitor for a breakout above the RM2.29 level, targeting the RM2.47-RM2.55 levels. Support will be anchored around the RM2.15 level

DELEUM has experienced a short-term consolidation breakout above the RM1.13 level with high volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Price may trend higher, targeting the RM1.19-RM1.28 levels. Support will be pegged around the RM1.09 level.

Source: Mplus Research - 23 Mar 2018