The FBM KLCI gapped-down and subsequently erased all its previous session gains as the key index closed at 1,865.22 pts last Friday. The MACD Histogram has turned red, 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.

AEON has formed a bullish candle to close above the EMA9 level with some improved volumes. The MACD Histogram has extended another red bar, while the RSI remains above 50. Monitor for a breakout above the RM1.84, targeting the RM1.95 and RM2.08 levels. Support will be set around the RM1.72 level.

UOADEV has rebounded after finding support above the RM2.39 level with improved volumes. The MACD Histogram has turned green, while the RSI has recovered from the oversold position. Monitor for followthough buying interest above the RM2.45 level, targeting the RM2.52-RM2.62 levels. Support will be anchored around the RM2.39 level.

IWCITY has experienced a trendline breakout above the RM1.38 level. The MACD Histogram has turned green, while the RSI remains above 50. Price may rally, targeting the RM1.44-RM1.48 levels. Support will be anchored around the RM1.34 level.

Source: Mplus Research - 26 Mar 2018