The FBM KLCI gapped-down and subsequently trended lower as the key index closed lower at the 1,793.15 pts last Friday. The MACD Histogram has turned red, while the RSI remains below 50. Resistance will be pegged around the 1,810-1,830 levels. Support will be set around the 1,770 level.

KOBAY has breached above the RM1.49 symmetrical triangle formation with improved volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Price may advance, targeting the RM1.60-RM1.70 levels. Support will be located around the RM1.42 level.

REV has experienced a short-term consolidation breakout above the RM0.315 level with improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Price may trend higher, targeting the RM0.355 and RM0.38 levels. Support will be anchored around the RM0.28 level.

GHLSYS has extended its gains to close above the EMA20 level, accompanied by rising volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Monitor for a breakout above the RM1.67 level, targeting the RM1.80-RM1.87 levels. Support will be pegged around the RM1.55 level.

Source: Mplus Research - 1 Oct 2018