The FBM KLCI gapped-up to close above the EMA20 level as the key index closed at around the 1,682.97 level yesterday. The MACD Histogram has turned green, 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.

NOTION has formed a bullish harami candle to close above the EMA9 level. The MACD Line is approaching the zero level, while the RSI remains above 50. Monitor for a short-term symmetrical triangle breakout above the RM0.635 level, targeting the RM0.70 and RM0.755 levels. Support will be set around the RM0.605 level.

DIALOG has experienced a short-term breakout above the RM2.93 level with rising volumes. The MACD Line has issued a BUY Signal, while the RSI is approaching 50. Price may trend higher, targeting the RM3.15 and RM3.43 levels after a minor pullback. Support will be anchored around the RM2.75 level.

EATECH has rebounded from the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a trendline breakout above RM0.46, targeting the RM0.52-RM0.55 levels. Support will be pegged around the RM0.415 level.

Source: Mplus Research - 18 Jan 2019