The eleventh hour buying interest in selected index heavyweights sent the FBM KLCI higher for the sixth straight session as the key index closed at an intraday high of 1,873.62 pts yesterday. The MACD Histogram also extended another green bar, while the RSI has risen above 50. Resistance will be pegged around the 1,880-1,890 levels. Support will be set around the 1,850 level.

MHB has experienced a consolidation breakout above the RM0.79 level accompanied by rising volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may stage a minor pullback, before targeting the RM0.88 and RM0.98 levels. Support will be set around the RM0.70 level.

JAKS has formed a bullish engulfing candle to close above the EMA9 level. The MACD Histogram has extended another green bar, while the RSI is retesting 50. Monitor for a breakout above the RM1.47 level, targeting the RM1.59-RM1.68 levels. Support will be anchored around the RM1.40 level.

DELEUM has gapped-up to close above the EMA20 level accompanied by rising volumes. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Monitor for a trendline breakout above the RM1.09 level, targeting the RM1.19-RM1.27 levels. Support will be anchored around the RM1.02 level.

Source: Mplus Research - 13 Apr 2018