The FBM KLCI gapped-down and lingered in the negative territory for the entire trading session, before closing lower to around the 1,708.09 level last Friday. The MACD Histogram has turned red, while 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.

BAUTO has experienced a breakout above the RM1.95 level. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may advance, targeting the RM2.05 and RM2.16 levels. Support will be set around the RM1.85 level.

KAB has formed a bullish engulfing candle to re-test the EMA60 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Monitor for a breakout above RM0.26, targeting the RM0.285-RM0.30 levels. Support will be anchored around the RM0.25 level.

FAJAR has formed a bullish engulfing candle to close above the EMA20 level with improved volumes. The Histogram has turned green, while the RSI has risen above 50. Monitor for a breakout above RM0.395, targeting the RM0.445-RM0.485 levels. Support will be pegged around the RM0.36 level.

Source: Mplus Research - 12 Nov 2018