The FBM KLCI managed to recover all its intraday losses, forming a hammer candle around the EMA60 level to close at the 1,792.60 level yesterday. 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 1,780 level.

COMFORT has rebounded to retest the EMA20 level. The MACD Histogram has extended another red bar, while the RSI has risen above 50. Monitor for a potential flag-formation breakout above RM1.03, targeting the RM1.10 and RM1.16 levels. Support will be set around the RM0.975 level.

MATRIX has formed the bullish candle to rebound above the EMA60 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above RM2.08, targeting the RM2.20 and RM2.25 levels. Support will be set around the RM2.02 level.

D&O has formed a bullish Harami candle to close above the EMA60 level. The MACD Histogram has turned green, but the RSI remains below 50. Monitor for a trendline breakout above RM0.73, targeting the RM0.785-RM0.80 levels. Support is set around the RM0.705 level.

Source: Mplus Research - 14 Sept 2018