The FBM KLCI gapped-up to form a bullish harami candle as the key index closed at its intraday high of 1,693.39 level yesterday. The MACD Indicator has issued a BUY Signal, 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.

JHM has experienced a breakout above the RM0.94 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is treading towards the overbought level. Price target will be envisaged around the RM1.03 and RM1.10 levels. Support will be set around the RM0.865 level.

COMFORT has experienced a flag formation breakout above the RM0.87 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may advance towards the RM0.915-RM0.96 levels. Support will be anchored around the RM0.83 level.

MBSB has gapped-up to close above the EMA120 level with slightly improve volumes. The MACD Histogram has turned green. The RSI, however, is overbought. Monitor for a breakout above the RM1.02 level, targeting the RM1.08-RM1.13 levels. Support will be pegged around the RM0.975 level.

Source: Mplus Research - 8 Feb 2019