FBM KLCI - Daily

Tracking the gains on Wall Street overnight, the FBM KLCI gapped-up to trend higher for the third straight session as the key index closed at the 1,810.64 pts last Friday. The MACD Histogram has extended another green bar, but the RSI remains below 50. Resistance will be pegged around the 1,830- 1,850 levels. Support will be set around the 1,800 level.

CHINWEL - (5007)

CHINWEL has experienced a flag-formation breakout above the RM1.69 level with high volumes. The MACD Indicator has issued a BUY Signal, while the RSI remains above 50. Price may rally after a minor pullback, targeting the RM1.85-RM1.94 levels. Support will be located around the RM1.60 level.

GCB - (5102)

GCB has formed a bullish engulfing candle to close above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Price may trend higher, targeting the RM2.35 and RM2.50 levels. Support will be anchored around the RM2.01 level.

EVERGRN - (5101)

EVERGRN has experienced a trendline breakout above the RM0.54 level with high volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may advance, targeting the RM0.58-RM0.625 levels. Support will be pegged around the RM0.505 level.

Source: Mplus Research - 24 Sept 2018