The FBM KLCI managed to hang on to its gains after enduring a choppy trading session as the key index rose to around the 1,643.63 level last Friday. The MACD Histogram has turned green, while the RSI remains below 50. Resistance will be pegged around the 1,660-1,680 levels. Support will be set around the 1,625 level

SCOMNET has formed a bullish candle to close above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Monitor for a symmetrical triangle formation breakout above the RM0.80 level, targeting the RM0.86 and RM0.92 levels. Support will be set around the RM0.745 level.

FGV has rebounded to close above the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Monitor for a short-term trendline breakout above the RM1.20 level, targeting the RM1.31-RM1.38 levels. Support will be anchored around the RM1.20 level.

JAKS has rebounded off the EMA20 level accompanied by rising volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above the RM0.78 level, targeting the RM0.83 and RM0.90 levels. Support will be set around the RM0.725 level.

Source: Mplus Research - 1 Apr 2019