The FBM KLCI recorded its fourth straight session of gains as the key index advanced past the 1,800 psychological level to close at the 1,810.87 level yesterday. The MACD Histogram has extended another green bar, while the RSI remains above 50. Resistance will be pegged around the 1,820-1,830 levels. Support will be set around the 1, 800 level.

EWINT has formed a breakout-pullback-continuation pattern above the EMA20 level with high volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may trend higher, targeting the RM1.15 and RM1.20 levels. Support will be set around the RM1.05 level.

MMCCORP has formed a bullish engulfing candle to close above the EMA9 level with slightly improved volumes. The MACD Histogram has extended another red bar, while the RSI remains above 50. Monitor for a symmetrical triangle formation breakout above RM1.52, targeting the RM1.66-RM1.77 levels. Support will be pegged around the RM1.42 level.

DUTALND has formed a bullish candle to close above the EMA9 level with improved volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Monitor for a trendline breakout above RM0.56, targeting the RM0.595-RM0.62 levels. Support is set around the RM0.54 level.

Source: Mplus Research - 24 Aug 2018