The FBM KLCI extended its losses to fall below the EMA60 level as the key index closed at around the 1,690.41 level yesterday. The MACD Histogram has extended another red bar, while the RSI remains above 50. Resistance will be pegged around the 1,700-1,710 levels. Support will be set around the 1,670 level.

YOCB has gapped-up to close above the EMA60 level. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above RM1.05, targeting the RM1.10 and RM1.15 levels. Support will be set around the RM1.01 level.

MNRB has experienced a breakout-pullback-continuation pattern above the EMA60 level. The MACD Histogram has turned green, but the RSI is overbought. Price may advance, targeting the RM 1.15- RM1.21 levels. Support will be anchored around the RM1.05 level.

AWC continues to be supported above the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above RM0.70, targeting the RM0.765-RM0.79 levels. Support will be pegged around the RM0.665 level.

Source: Mplus Research - 30 Jan 2019