The FBM KLCI rejected the EMA9 level as the key index closed lower to around the 1,641.81 level last Friday. The MACD Histogram has extended another green bar, but the RSI has tripped into the oversold region. Resistance will be pegged around the 1,650-1,660 levels. Support will be set around the 1,630 level.

RANHILL has advanced to close above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is re-testing 50. Monitor for a trendline breakout above the RM1.37 level, targeting the RM1.45 and RM1.52 levels. Support will be set around the RM1.29 level.

UNIMECH has experienced a short-term trendline breakout above the RM1.09 level with high volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may extend its gains, targeting the RM1.15-RM1.18 levels after a mild pullback. Support will be anchored around the RM1.05 level.

FITTERS has formed a breakout-pullback-continuation pattern to close above the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI is approaching 50. Price may trend higher, targeting the RM0.535 and RM0.56 levels. Support will be set around the RM0.475 level.

Source: Mplus Research - 8 Apr 2019