Buying support in selected index heavyweights amid the firmer Ringgit against the Greenback lifted the FBM KLCI to close higher at 1,863.46 pts on the final trading day of 1Q2018. The MACD Histogram has turned green, 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.

GBGAQRS has formed a bullish engulfing candle to close above the EMA9 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Price may extend its gains, targeting the RM1.74 and RM1.87 levels. Support will be set around the RM1.47 level.

D&O has gapped up to re-test the EMA9 level. The MACD Histogram has extended another green bar, but the RSI remains below 50. Monitor for a trendline breakout above the RM0.61 level, targeting the RM0.66-RM0.69 levels. Support will be anchored around the RM0.575 level.

MRCB has formed a bullish engulfing candle to close above the EMA9 level accompanied by improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI has recovered from the oversold position. Monitor for a breakout above the RM1.04 level, targeting the RM1.16-RM1.21 levels. Support will be anchored around the RM0.97 level.

Source: Mplus Research - 2 Apr 2018