The FBM KLCI formed a bearish engulfing candle as the key index rejected the EMA20 level, before closing lower to around the 1,708.80 level on Monday. The MACD Histogram has extended another green bar, but the RSI remains below 50. Resistance will be pegged around the 1,730-1,740 levels. Support will be set around the 1,680 level.

KPJ has advanced to close above the EMA20 level with rising volumes. The MACD Histogram has extended another green bar, while the RSI is re-testing 50. Monitor for a trendline breakout above RM1.08, targeting the RM1.17 and RM1.25 levels. Support will be set around the RM1.01 level.

TMCLIFE has experienced a consolidation breakout above the RM0.755 level with improved volumes. The MACD Line has risen above the zero level, but the RSI is overbought. Price may advance, targeting the RM0.81-RM0.86 levels. Support will be anchored around the RM0.72 level.

E&O has experienced a breakout above the RM1.20 level. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may stage further recovery, targeting the RM1.31- RM1.37 levels. Support will be pegged around the RM1.12 level.

Source: Mplus Research - 7 Nov 2018