The FBM KLCI formed a bearish engulfing candle, rejecting the 1,700 psychological level, before closing lower to around the 1,679.86 level last Friday. The MACD Histogram has turned red, while the RSI remains below 50. Resistance will be pegged around the 1,700-1,710 levels. Support will be set around the 1,670 level.

TGUAN has formed a breakout-pullback-continuation pattern above the EMA60 level with high volumes. The MACD Line has expanded positively above the zero level, but the RSI is overbought. Price may advance, targeting the RM2.71 and RM2.88 levels. Support will be set around the RM2.43 level.

LBS has formed a bullish candle to close above the EMA20 level with rising volumes. The MACD Line has issued a BUY Signal, while the RSI is re-testing 50. Price may trend higher, targeting the RM0.745- RM0.785 levels. Support will be anchored around the RM0.645 level.

N2N has formed a bullish engulfing candle with improved volumes. The MACD Histogram has turned green, while the RSI has recovered from oversold. Monitor for a breakout above RM1.07, targeting the RM1.18-RM1.22 levels. Support will be pegged around the RM1.02 level.

Source: Mplus Research - 4 Dec 2018