The FBM KLCI gapped-up to close above the EMA20 level as the key index closed at around the 1,577.79 level yesterday. The MACD Histogram has turned green, while the RSI remains above 50. Resistance will be pegged around the 1,590-1,600 levels. Support will be set around the 1,560 level.

CAB has formed a bullish candle to close above the EMA60 level accompanied by rising volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Price may trend higher, targeting the RM0.505-RM0.53 levels. Support will be located around the RM0.435 level.

JOHOTIN has experienced a breakout above the RM1.36 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price targets are envisaged at around the RM1.48-RM1.52 levels. Support will be located around the RM1.30 level.

UCREST has rebounded off the EMA9 level with mildly improved volumes. The MACD Line has expended positively above the zero level, while the RSI remains above 50. Monitor for a breakout above the RM0.16 level, targeting the RM0.18-RM0.195 levels. Support will be located around the RM0.145 level.

Source: Mplus Research - 30 Oct 2019