Tracking the gains on Wall Street overnight, the FBM KLCI formed a bullish engulfing candle to close above the EMA20 level as the key index closed higher at the 1,798.15 pts yesterday. The MACD Histogram has turned green, 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.

NYLEX has gapped-up to close above the EMA20 with rising volumes. The MACD Histogram has turned green, while the RSI is hovering at 50. Monitor for a breakout above RM0.675 level, targeting the RM0.73-RM0.76 levels. Support will be located around the RM0.645 level.

ATAIMS has formed a bullish engulfing candle to rebound above the EMA9 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Monitor for a breakout above the RM1.70 level, targeting the RM1.79-RM1.88 levels. Support will be anchored around the RM1.62 level.

PWROOT has formed a breakout-pullback-continuation pattern above the EMA20 level with improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Price may advance, targeting the RM1.68-RM1.77 levels. Support will be pegged around the RM1.53 level.

Source: Mplus Research - 3 Oct 2018