Tracking the overnight gains on Wall Street, the FBM KLCI extended its gains to close above the EMA9 level as the key index close at around the 1,676.00 level yesterday. The MACD Histogram has extended another green bar, but the RSI remains below 50. Resistance will be pegged around the 1,700-1,710 levels. Support will be set around the 1,660 level.\

CCMDBIO has gapped-up to close above the EMA20 line with improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI is approaching 50. Monitor for a breakout above RM1.08, targeting the RM1.16 and RM1.25 levels. Support will be set around the RM1.02 level.

TRC has rebounded to retest the EMA120 level. The MACD Histogram has turned green, but the RSI remains below 50. Monitor for a breakout above RM0.505, targeting the RM0.555-RM0.605 levels. Support will be anchored around the RM0.47 level.

SERBADK has advanced to close above the EMA120 level with rising volumes. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Monitor for a trendline breakout above the RM3.80 level, targeting the RM4.06-RM4.29 levels. Support will be pegged around the RM3.60 level.

Source: Mplus Research - 14 Dec 2018