The FBM KLCI has snapped a three-day losing streak as the key index rebounded to close around the 1,593.00 level yesterday. The MACD Histogram has turned green, but the RSI remains below 50. Resistance will be pegged around the 1,610-1,620 levels. Support will be set around the 1,580 level.

GBGAQRS has formed a hammer candle to re-test the EMA9 level. Although the MACD Histogram has extended another red bar, the RSI remains above 50. Monitor for a trendline breakout above the RM1.27 level, targeting the RM1.38-RM1.49 levels. Support will be set around the RM1.19 level.

JHM has experienced a flag-formation breakout above the RM1.22 level with improved volumes. The MACD Histogram has turned green, while the RSI is slightly overbought. Price targets are envisaged at around the RM1.32-RM1.35 levels. Support will be set around the RM1.14 level.

PRESBHD has gapped-up to close above the EMA120 level with improved volumes. The MACD Histogram has turned green, but the RSI is slightly overbought. Price may trend higher, targeting the RM0.515-RM0.535 levels. Support will be located around the RM0.445 level.

Source: Mplus Research - 27 Sept 2019