The FBM KLCI managed to recover all its intraday losses to trend higher for the third straight session as the key index closed at around the 1,730.68 level yesterday. The MACD Histogram has extended another green bar, but the RSI is overbought. Resistances will be pegged around the 1,740-1,750 levels. Support will be set around the 1,710 level.

NOTION has advanced to breakout above the RM0.67 level with high volumes. The MACD Indicator has issued a BUY Signal, while the RSI remains above 50. Price may stage a mild pullback, before targeting the RM0.725 and RM0.755 levels. Support will be set around the RM0.615 level.

AWC has formed a breakout-pullback-continuation pattern to close above the EMA120 level with rising volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may trend higher towards the RM0.82-RM0.865 levels. Support will be anchored around the RM0.685 level.

BAHVEST has formed a breakout-pullback-continuation pattern above the EMA9 level with high volumes. The MACD Histogram has turned green, but the RSI is slightly overbought. Price may advance, targeting the RM0.55-RM0.59 levels. Support will be pegged around the RM0.48 level.

Source: Mplus Research - 22 Feb 2019