The FBM KLCI staged a quick recovery as the key index gapped-up before closing at a fresh all-time high level at 1,895.18 pts yesterday. The MACD Histogram has extended another green bar, while the RSI remains above 50. Resistance will be pegged around the 1,900-1,910 levels. Support will be set around the 1,880 level.

ALCOM has experienced a breakout above the RM0.855 level accompanied by high volumes. The MACD Histogram has extended another green bar, while the RSI is treading marginally below the overbought level. Price may stage a mild pullback before targeting the RM0.935 and RM1.01 levels. Support will be set around the RM0.80 level.

MHB has experienced a flag-formation breakout above the RM0.81 level with some improved volumes. The MACD Histogram has extended another red bar, while the RSI remains above 50. Price may advance, targeting the RM0.88-RM0.98 levels. Support will be anchored around the RM0.76 level.

UZMA has experienced a short-term consolidation breakout above the RM1.41 level. The MACD Histogram has extended another green bar, but the RSI is still below 50. Price may trend higher, targeting the RM1.55-RM1.65 levels. Support will be anchored around the RM1.35 level.

Source: Mplus Research - 20 Apr 2018