The FBM KLCI chalked up miniscule gains, lifted by the eleventh hour bargain hunting activities as the key index inched higher to close at around the 1,551.87 level yesterday. Although the MACD Histogram has turned green, the RSI remains oversold. Resistance will be pegged around the 1,570-1,580 levels. Support will be set around the 1,530 level.

MYEG has rebounded to close above the EMA120 level. The MACD Histogram has turned green, while the RSI is approaching 50. Monitor for a consolidation breakout above the RM1.47 level, targeting the RM1.55-RM1.61 levels. Support will be pegged around the RM1.39 level.

DRBHCOM has formed a bullish engulfing candle to rebound off the EMA120 level. The MACD Indicator has issued a BUY Signal, while the RSI is approaching 50. Monitor for a breakout above the RM2.42 level, targeting the RM2.56-RM2.72 levels. Support will be set around the RM2.28 level.

PADINI has advanced to close above the EMA9 level. The MACD Histogram has turned green, while the RSI is approaching 50. Monitor for a breakout above the RM3.85 level, targeting the RM4.11-RM4.30 levels. Support will be located around the RM3.65 level.

Source: Mplus Research - 11 Oct 2019