The FBM KLCI ended on a flat note after enduring a choppy trading session as the key index closed at the 1,798.64 pts yesterday. The MACD Histogram has extended another green bar, while the RSI remains below 50. Resistance will be pegged around the 1,810-1,830 levels. Support will be set around the 1,780 level.

SALUTE has formed a bullish engulfing candle after rebounding from the EMA20 level accompanied by rising volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Monitor for a trendline breakout above RM0.61, targeting the RM0.675-RM0.725 levels. Support will be located around the RM0.575 level.

PESONA has rebounded off the EMA60 level with high volumes. The MACD Histogram has extended another green bar, but the RSI remains below 50. Monitor for a short-term consolidation breakout above RM0.32, targeting the RM0.35 and RM0.365 levels. Support will be anchored around the RM0.295 level.

HEXZA has experienced a consolidation breakout above the RM0.72 level with high volumes. The MACD Indicator has issued a BUY Signal, while the RSI remains below 50. Price may trend higher, targeting the RM0.77-RM0.805 levels. Support will be pegged around the RM0.68 level.

Source: Mplus Research - 28 Sept 2018