Despite lingering mostly in the negative territory, the eleventh hour buying support on selected index heavyweights sent the FBM KLCI marginally higher, closing at 1,837.01 pts last Friday. The MACD Histogram has turned green, while the RSI remains below 50. Resistance will be pegged around the 1,850-1,870 levels. Support will be set around the 1,810 level.

GBGAQRS has rebounded to close above the EMA20 level with mildly improved volumes. The MACD Histogram has extended another green bar, while the RSI is retesting 50. Monitor for a breakout above the RM1.66 level, targeting the RM1.82 and RM1.98 levels. Support will be set around the RM1.55 level.

SUPERMX has extended its gains to retest the EMA20 level. The MACD Histogram has extended another green bar, but the RSI remains below 50. Monitor for a trendline breakout above the RM2.54 level, targeting the RM2.73-RM2.92 levels. Support will be anchored around the RM2.35 level.

STRAITS has gapped-up to close above the EMA9 level accompanied by improved volumes. The MACD Histogram has turned green, while the RSI has recovered from the oversold position. Monitor for a breakout above RM0.24, targeting the RM0.275-RM0.30 levels. Support will be anchored around the RM0.22 level.

Source: Mplus Research - 9 Apr 2018