The FBM KLCI extended its gains in line with the mostly positive sentiment across its regional peers as the key index closed at around the 1,614.57 level yesterday. The MACD Indicator has issued a BUY Signal, but the RSI remains below 50. Resistances will be pegged around the 1,630-1,640 levels. Support will be set around the 1,600 level.

JAKS has extended its gains to close above the EMA20 level with mildly improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Monitor for a trendline breakout above the RM0.75 level, targeting the RM0.84 and RM0.90 levels. Support will be anchored around the RM0.69 level.

VIZIONE has formed a bullish engulfing candle to close above the EMA120 level. The MACD Histogram has turned green, while the RSI is approaching 50. Price may advance, targeting the RM1.05-RM1.09 levels. Support will be pegged around the RM0.915 level.

AEON has experienced a consolidation breakout above the RM1.46 level with mildly improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Price may trend higher, targeting the RM1.53 and RM1.60 levels. Support will be located around the RM1.38 level.

Source: Mplus Research - 29 May 2019