The stronger-than-expected 4Q2018 GDP data powered the FBM KLCI higher as the key index closed at around the 1,689.06 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 1,670 level.

DELEUM has experienced a flag-formation breakout above the RM1.11 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price target will be envisaged around the RM1.20 and RM1.24 levels. Support will be set around the RM1.07 level.

SEM has experienced a short-term consolidation breakout above the RM1.44 level with rising volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may advance towards the RM1.50-RM1.55 levels. Support will be anchored around the RM1.39 level.

MYEG has risen above the EMA20 level with improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Monitor for a breakout above the RM1.04 level, targeting the RM1.14-RM1.24 levels. Support will be pegged around the RM0.96 level.

Source: Mplus Research - 15 Feb 2019