The FBM KLCI halted a three-day winning streak as the key index closed lower to around the 1,706.92 level yesterday. The MACD Histogram has extended another green bar, but the RSI has tripped below 50. Resistance will be pegged around the 1,730-1,740 levels. Support will be set around the 1,670 level.

BAUTO has advanced to close above the EMA20 level after forming a double bottom formation. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may trend higher, targeting the RM2.05 and RM2.16 levels. Support will be set around the RM1.80 level.

RANHILL has formed a breakout-pullback-continuation pattern along the EMA20 level with improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI remains above 50. Monitor for a breakout above RM1.06, targeting the RM1.12-RM1.15 levels. Support will be anchored around the RM0.98 level.

TALIWRK has gapped-up to re-test the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, but the RSI remains below 50. Price may advance, targeting the RM0.83- RM0.895 levels. Support will be pegged around the RM0.72 level.

Source: Mplus Research - 2 Nov 2018