The FBM KLCI inched higher alongside the positive sentiment across its regional peers as the key index closed at around the 1,683.22 level last Friday. The MACD Histogram has turned green, while the RSI remains above 50. Resistance will be pegged around the 1,700-1,710 levels. Support will be set around the 1,650 level.

DAYANG has advanced to close above the EAM60 level with rising volumes The MACD Line has risen above the zero level, while the RSI is hovering above 50. Monitor for a trendline breakout above RM0.605, targeting the RM0.685 and RM0.735 levels. Support will be set around the RM0.56 level.

GDB has extended its gains above the EMA20 level on mild volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Monitor for a breakout above RM0.25, targeting the RM0.275-RM0.30 levels. Support will be anchored around the RM0.22 level.

KRONO has formed a bullish engulfing candle to close above the EMA60 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above the RM0.64 level, targeting the RM0.69-RM0.71 levels. Support will be pegged around the RM0.60 level.

Source: Mplus Research - 14 Jan 2019