The FBM KLCI formed a shooting star candle after erasing most of its intraday gains as the key index nudged marginally higher to close at the 1,803.70 pts yesterday. The MACD Histogram has extended another green bar, but the RSI remains below 50. Resistance will be pegged around the 1,820-1,830 levels. Support will be set around the 1,780 level.

HEVEA has formed a breakout-pullback-continuation formation above the EMA60 level with improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI remains above 50. Price target will be envisaged around the RM0.965 and RM1.06 levels. Support will be located around the RM0.85 level.

OWG has gapped-up to close above the EMA120 level with slightly improved volumes. The MACD Histogram has extended another green bar, but the RSI remains below 50. Monitor for a breakout above the RM1.06 level, targeting the RM1.17 and RM1.27 levels. Support will be anchored around the RM0.94 level

EWINT has experienced a short-term channel formation breakout above the RM1.08 level with high volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may advance, targeting the RM1.15-RM1.20 levels. Support will be pegged around the RM1.03 level.

Source: Mplus Research - 21 Sept 2018