The FBM KLCI rebounded from its four-year low as the key index advanced to close at an intraday high around the 1,589.44 level yesterday. The MACD Histogram has turned green, while the RSI has recovered from oversold. Resistance will be pegged around the 1,600-1,610 levels. Support will be set around the 1,580 level.

EFORCE has snapped a four-day losing streak to close above the EMA120 level. The MACD Histogram has turned green, while the RSI remains above 50. Price targets are envisaged at around the RM0.70- RM0.745 levels. Support will be set around the RM0.59 level.

SUPERLN has experienced a flag-formation breakout above the RM0.905 level with improved volumes. The MACD Histogram has turned green, but the RSI is slightly overbought. Price may trend higher, targeting the RM0.96-RM1.02 levels. Support will be set around the RM0.86 level.

REVENUE has experienced a trendline breakout above the RM1.52 level with improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Price may advance, targeting the RM1.62-RM1.71 levels. Support will be located around the RM1.47 level.

Source: Mplus Research - 2 Oct 2019