The FBM KLCI staged a sharp rebound, recovering most of its previous session’s losses as the key index closed at around the 1,730.34 pts last Friday. The MACD Histogram has turned green, while the RSI remains oversold. Resistance will be pegged around the 1,750-1,770 levels. Support will be set around the 1,710 level.

After finding support above the EMA60 level, DELEUM has formed a bullish engulfing candle to close above the EMA20 level. The MACD Histogram has extended another red bar, while the RSI remains above 50. Price may extend its gains, targeting the RM1.22 and RM1.34 levels after a minor pullback. Support will be set around the RM1.06 level.

NOTION has experienced a short-term channel formation breakout above the RM0.655 level with slightly improved volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Price may advance, targeting the RM0.745-RM0.79 levels. Support will be anchored around the RM0.605 level.

LIIHEN has formed a bullish candle to close above the EMA120 level. The MACD Histogram has extended another red bar, while the RSI has recovered from oversold. Price may stage further recovery, targeting the RM3.08-RM3.29 levels. Support will be pegged around the RM2.75 level.

Source: Mplus Research - 15 Oct 2018