The FBM KLCI formed a hammer candle after recovering all its intraday losses as the key index closed higher to around the 1,571.11 level yesterday. Although the MACD Histogram has extended another red bar, the RSI remains above 50. Resistance will be pegged around the 1,580-1,590 levels. Support will be set around the 1,560 level.

UNISEM has formed a bullish candle to breakout above the RM2.60 trendline level. The MACD Histogram has turned green, while the RSI remains above 50. Price may trend higher, targeting the RM2.75-RM2.93 levels. Support will be located around the RM2.46 level.

BJTOTO has experienced a short-term consolidation breakout above the RM2.60 level. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price targets are envisaged at around the RM2.78-RM2.82 levels. Support will be located around the RM2.51 level.

BINACOM has experienced a breakout-pullback-continuation pattern above the EMA9 level with improved volumes. The MACD Line has expended positively above the zero level, but the RSI is overbought. Price may advance, targeting the RM0.415-RM0.43 levels. Support will be located around the RM0.355 level.

Source: Mplus Research - 25 Oct 2019