The eleventh-hour buying support in selected index heavyweight shored the FBM KLCI marginally higher as the key index closed at around the 1,695.88 level last Friday. The MACD Histogram has extended another red bar, while the RSI remains below 50. Resistance will be pegged around the 1,720-1,730 levels. Support will be set around the 1,680 level.

IJACOBS has experienced a breakout above the RM0.28 level with improved volumes. The MACD Histogram has turned green, but the RSI has tripped below 50. Price may advance, targeting the RM0.31 and RM0.345 levels. Support will be set around the RM0.25 level.
 

ATAIMS has rebounded off the EMA9 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above RM1.77, targeting the RM1.88- RM1.95 levels. Support will be anchored around the RM1.69 level.

ACOSTEC has advanced to close above the EMA20 level after finding support above the EMA120 level. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Monitor for a breakout above RM0.43, targeting the RM0.46-RM0.49 levels. Support will be pegged around the RM0.40 level.

Source: Mplus Research - 26 Nov 2018