The FBM KLCI endured a choppy trading session before inching marginally higher, closing at 1,880.49 pts yesterday. The MACD Histogram has extended another green bar, while the RSI is above 50. Resistance will be pegged around the 1,890-1,900 levels. Support will be set around the 1,860 level.

MUDA has experienced a trendline breakout above the RM1.99 level with high volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Price may advance, targeting the RM2.30 and RM2.47 levels. Support will be set around the RM1.73 level.

ANNJOO has experienced a flag-formation breakout above the RM3.10 level. The MACD Histogram has turned green, while the RSI has risen above 50. Price may trend higher, targeting the RM3.47-RM3.67 levels. Support will be anchored around the RM2.97 level.

ORNA has gapped-up to close above the EMA60 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is above 50. Monitor for a breakout above the RM1.46 level, targeting the RM1.58-RM1.67 levels. Support will be pegged around the RM1.36 level.

Source: Mplus Research - 18 Apr 2018