The FBM KLCI ended marginally higher after recovering all its intraday losses ahead of the long weekend break as the key index closed at the 1,799.17 level last Friday. The MACD Histogram has extended another red bar, while the RSI remains above 50. Resistance will be pegged around the 1,820-1,840 levels. Support will be set around the 1,780 level.

DRBHCOM has formed a bullish engulfing candle accompanied by improved volumes. The MACD Histogram has turned green, but the RSI remains below 50. Monitor for a follow-through buying above RM2.21, targeting the RM2.41 and RM2.06 levels. Support will be set around the RM2.58 level.

WPRTS has rebounded to close above the EMA20 level with high volumes. The MACD Histogram has extended another red bar, while the RSI remains above 50. Monitor for an ascending triangle formation breakout above RM3.95, targeting the RM4.19 and RM4.40 levels. Support will be set around the RM3.69 level.

MAHSING has formed a bullish candle to close above the EMA60 level with some improved volumes. The MACD Histogram has extended another green bar, but the RSI remains below 50. Monitor for a breakout above RM1.19, targeting the RM1.24-RM1.32 levels. Support is set around the RM1.15 level.

Source: Mplus Research - 13 Sept 2018