Tracking the gains on Wall Street overnight, the FBM KLCI staged a quick recovery, closing at the 1,783.47 level last Friday. The MACD Histogram has extended another red bar, while the RSI remains above 50. Resistance will be pegged around the 1,800-1,820 levels. Support will be set around the 1,760 level.

CJCEN has extended its gains above the EMA9 level with rising volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Monitor for a breakout above RM0.71, targeting the RM0.79 and RM0.825 levels. Support will be set around the RM0.66 level.

FGV has rebounded off the EMA60 level with slightly improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a consolidation breakout above RM1.74, targeting the RM1.89-RM2.00 levels. Support will be pegged around the RM1.63 level.

After finding stability above the EMA20 level, YTLPOWR has advanced to close above the EMA9 level. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Monitor for a consolidation breakout above RM1.27, targeting the RM1.35-RM1.43 levels. Support is set around the RM1.16 level.

Source: Mplus Research - 20 Aug 2018