The FBM KLCI recorded its fourth consecutive session of gains to advance above the EMA20 level as the key index closed at around the 1,710.71 level on Monday. The MACD Histogram has extended another green bar, while the RSI remains above 50. Resistance will be pegged around the 1,730-1,740 levels. Support will be set around the 1,680 level.

JHM has experienced a trendline breakout above the RM1.17 level with improved volume. The MACD Histogram has extended another green bar, but the RSI is overbought. Price may rally, targeting the RM1.38 and RM1.45 levels after a mild pullback. Support will be set around the RM1.12 level.

N2N has advanced to close above the EMA20 level. The MACD Histogram has turned green, but the RSI is slightly overbought. Monitor for a breakout above RM1.18, targeting the RM1.29-RM1.33 levels. Support will be anchored around the RM1.11 level.

EWEIN has experienced a trendline breakout above the RM0.58 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may trend higher, targeting the RM0.625-RM0.665 levels. Support will be pegged around the RM0.545 level.

Source: Mplus Research - 21 Nov 2018