The FBM KLCI retreated in tandem with the weakness across its regional peers as the key index closed at around the 1,738.01 pts yesterday. The MACD Histogram has extended another green bar, but the RSI remains oversold. Resistance will be pegged around the 1,750-1,770 levels. Support will be set around the 1,710 level.

HSSEB has extended its gains to re-test the EMA20 level with rising volumes. The MACD Histogram has extended another green bar, but the RSI remains below 50. Price target will be envisaged around the RM1.04 and RM1.15 levels. Support will be set around the RM0.845 level.

UCHITEC has advanced to close above the EMA20 level with higher-than-average volumes. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Monitor for a breakout above the RM3.14 level, targeting the RM3.37-RM3.57 levels. Support will be anchored around the RM2.93 level.

WCT has rebounded to close above the EMA20 level. The MACD Histogram has extended another green bar, but the RSI remains below 50. Monitor for a trendline breakout above the RM0.87 level, targeting the RM0.96-RM1.02 levels. Support will be pegged around the RM0.80 level.

Source: Mplus Research - 19 Oct 2018