The FBM KLCI bucked the mostly positive sentiment of its regional peers as the key index closed marginally lower to around the 1,599.75 level yesterday. The MACD Histogram has extended another green bar, but the RSI remains below 50. Resistance will be pegged around the 1,620-1,630 levels. Support will be set around the 1,580 level.

MFCB has formed a breakout-pullback-continuation pattern above the EMA20 level with rising volumes. The MACD Indicator has issued a BUY Signal, while the RSI remains above 50. Price targets are envisaged at around the RM4.03 and RM4.10 levels. Support will be located around the RM3.71 level.

JFTECH has gapped-up to close above the EMA9 level on high volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Monitor for a breakout above the RM0.785 level, targeting the RM0.84-RM0.90 levels. Support will be anchored around the RM0.73 level.

DIALOG has gapped-up to close above the EMA9 level with mildly improved volumes. The MACD Histogram has extended another green bar, while the RSI is re-testing 50. Monitor for a breakout above the RM3.55 level, targeting the RM3.66-RM3.80 levels. Support will be pegged around the RM3.39 level.

Source: Mplus Research - 6 Sept 2019