The FBM KLCI rebounded alongside global stockmarkets as the key index recouped most of its previous session’s losses before closing at 1,837.16 pts yesterday. The MACD Histogram has extended another red bar, while the RSI is approaching 50. Resistance will be pegged around the 1,850-1,870 levels. Support will be set around the 1,810 level.

AEON has formed a bullish engulfing candle to close above the EMA120 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above the RM1.85 level, targeting the RM1.95 and RM2.08 levels. Support will be set around the RM1.75 level.

3A has rebounded and subsequently re-tested the EMA60 level. The MACD Histogram has turned green, while the RSI is approaching 50. Monitor for a symmetrical triangle formation breakout above the RM1.07 level, targeting the RM1.16-RM1.25 levels. Support will be anchored around the RM0.99 level.

BAUTO has formed a breakout-pullback-continuation pattern above the RM2.06 level. The MACD Histogram has turned green, while the RSI is approaching 50. Price may advance, targeting the RM2.29- RM2.47 levels. Support will be anchored around the RM2.06 level.

Source: Mplus Research - 6 Apr 2018