The FBM KLCI formed a bearish engulfing candle after reversing all its previous session’s gains as the key index closed at around the 1,719.00 level yesterday. The MACD Histogram has extended another red bar, while the RSI is overbought. Resistances will be pegged around the 1,730-1,740 levels. Support will be set around the 1,710 level.

UCHITEC has advanced to close above the EMA120 level with rising volumes. The MACD Histogram has turned green, but the RSI slightly overbought. Monitor for a breakout above RM2.82, targeting the RM2.99 and RM3.12 levels. Support will be set around the RM2.73 level.

D&O has experienced a flag-formation breakout above the RM0.76 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may trend higher towards the RM0.81-RM0.85 levels. Support will be anchored around the RM0.72 level.

SIGN has formed a bullish engulfing candle to close above the EMA60 level with high volumes. The MACD Histogram has extended another green bar, while the RSI is approaching the overbought level. Monitor for a breakout above RM0.385, targeting the RM0.425-RM0.445 levels. Support will be pegged around the RM0.345 level.

Source: Mplus Research - 27 Feb 2019