The FBM KLCI snapped a three-day losing streak as the key index rebounded to close at around the 1,574.09 level yesterday. The MACD Histogram has extended another green bar, while RSI is approaching 50. Resistance will be pegged around the 1,590-1,600 levels. Support will be set around the 1,560 level.

EWEIN has formed a bullish candle to rebound off the EMA120 level with improved volumes. The MACD Histogram has turned green, while the RSI is re-testing 50. Monitor for a breakout above the RM0.63 level, targeting the RM0.67-RM0.69 levels. Support will be located around the RM0.60 level.

SUCESS has experienced a consolidation breakout above the RM0.94 level on high volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may stage a mild pullback, before targeting the RM1.05-RM1.12 levels. Support will be located around the RM0.875 level.

DRBHCOM has formed a bullish candle to close above the EM60 level on mildly improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may advance, targeting the RM2.65-RM2.76 levels. Support will be located around the RM2.28 level.

Source: Mplus Research - 23 Oct 2019