The FBM KLCI managed to chalk in subtle gains after enduring a choppy trading session as the key index closed at around the 1,645.07 level yesterday. The MACD Histogram has extended another green bar, but the RSI remains below 50. Resistance will be pegged around the 1,660-1,670 levels. Support will be set around the 1,630 level.

GADANG has formed a breakout above the RM0.71 level with high volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price targets are envisaged at around the RM0.785 and RM0.82 levels. Support will be set around the RM0.67 level.

FAJAR has experienced a short-term trendline breakout above the RM0.415 level with improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Price may extend its gains, targeting the RM0.45-RM0.465 levels. Support will be anchored around the RM0.395 level.

PESTECH has advanced to close above the EMA20 level accompanied by rising volumes. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Price may trend higher, targeting the RM1.14 and RM1.24 levels. Support will be set around the RM1.00 level.

Source: Mplus Research - 5 Apr 2019