The FBM KLCI succumbed to quick profit taking as the key index erased all its intraday gains before closing lower at around the 1,688.83 level last Friday. The MACD Histogram has extended another green bar, while the RSI has risen above 30. Resistances will be pegged around the 1,700-1,710 levels. Support will be set around the 1,670 level.

K1 has rebounded off the EMA9 level on mild volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a potential flag-formation breakout above RM0.25, targeting the RM0.27 and RM0.29 levels. Support will be set around the RM0.235 level.

KPS has experienced a short-term consolidation breakout above the RM1.34 level with rising volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may advance towards the RM1.40-RM1.47levels. Support will be anchored around the RM1.30 level.

UEMS has rebounded off the EMA9 level with improved volumes. The MACD Histogram has turned green, while the RSI is retesting 50. Monitor for a breakout above the RM0.80 level, targeting the RM0.86- RM0.91 levels. Support will be pegged around the RM0.755 level.

Source: Mplus Research - 18 Feb 2019