The FBM KLCI formed a bullish engulfing candle to rebound off the EMA120 level before closing higher at around the 1,846.51 pts on the eve of the General Election. The MACD Histogram has turned green, while the RSI has recovered from the oversold position. Resistance will be pegged around the 1,860- 1,880 levels. Support will be set around the 1,830 level.

BJASSET has formed a bullish engulfing candle above the EMA120 level. The MACD Indicator has expanded positively above zero, but the RSI is overbought. Monitor for a consolidation breakout above the RM0.475 level, targeting the RM0.51 and RM0.54 levels. Support will be set around the RM0.45 level.

RANHILL has experienced a short-term consolidation breakout above the RM0.705 level with higherthan-average volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Price may rebound towards the RM0.75-RM0.80 levels. Support will be anchored around the RM0.68 level.

PESTECH has experienced a trendline breakout above the RM1.73 level with high volumes. The MACD Line has risen above the zero level, while the RSI has risen above 50. Price may advance, targeting the RM1.88-RM1.95 levels. Support will be pegged around the RM1.63 level.

Source: Mplus Research - 14 May 2018