The FBM KLCI extended its gains after recovering all its intraday losses as the key index edged higher, closing at around the 1,694.21 level yesterday. The MACD Histogram has turned green, while the RSI has risen above 50. Resistance will be pegged around the 1,710-1,730 levels. Support will be set around the 1,670 level.

KGB has formed a bullish candle to rebound off the EMA20 level with slightly improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above RM1.23, targeting the RM1.30 and RM1.35 levels. Support will be set around the RM1.16 level.

AEMULUS has advanced to close above the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Monitor for a breakout above RM0.315, targeting the RM0.345-RM0.38 levels. Support will be anchored around the RM0.285 level.

SERBADK has formed a bullish engulfing candle to re-test the EMA9 level. The MACD Histogram has turned green, but the RSI remains below 50. Monitor for a short-term trendline breakout above RM3.90, targeting the RM4.07-RM4.23 levels. Support will be pegged around the RM3.72 level.

Source: Mplus Research - 16 Nov 2018