Tracking the gains on Wall Street overnight, the FBM KLCI gapped up to retest the EMA20 level, before closing higher at 1,863.47 pts last Friday. The MACD Histogram has turned green, while the RSI remains above 50. Resistance will be pegged around the 1,880-1,889 levels. Support will be set around the 1,850 level.

KRONO has experienced a breakout-pullback-continuation pattern above the RM0.64 level with high volumes. The MACD Line has risen above the zero level, while the RSI remains above 50. Price may trend higher, targeting the RM0.72 and RM0.785 levels. Support will be set around the RM0.585 level.

MMSV has gapped up to close above the EMA20 level with some improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for short-term consolidation breakout above the RM1.45 level, targeting the RM1.55-RM1.67 levels. Support will be anchored around the RM1.38 level.

WCT has advanced above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Monitor for a breakout above the RM1.29 level, targeting the RM1.48-RM1.64 levels. Supp

Source: Mplus Research - 30 Apr 2018