The FBM KLCI managed to recover all its intraday losses as the key index closed above the EMA 20 level to around the 1,638.38 pts last Friday. The MACD Histogram has extended another bar, but the RSI remains below 50. Resistances will be pegged around the 1,650-1,660 levels. Support will be set around the 1,620 level.

DUFU has formed a breakout-pullback-continuation pattern above the EMA 9 level with improved volumes. The MACD Indicator has expanded positively above zero, while the RSI is treading below the overbought level. Monitor for a breakout above the RM2.06 level, targeting the RM2.25 and RM2.43 levels. Support will be set around the RM1.95 level.

PWROOT has gapped-up to close above the EMA20 level. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Monitor for a breakout above the RM1.35 level, targeting the RM1.45 and RM1.50 levels. Support will be anchored around the RM1.27 level.

FIHB has rebounded off the EMA120 level with high volumes. The MACD Histogram has extended another green bar, while the RSI has recovered from the oversold level. Monitor for a breakout above the RM0.43 level, targeting the RM0.465-RM0.50 levels. Support will be pegged around the RM0.39 level.

Source: Mplus Research - 29 Apr 2019