The FBM KLCI march higher in tandem with gains across regional peers as the key index closed at around the 1,606.74 level yesterday. The MACD Histogram has extended another green bar, but the RSI is overbought. Resistance will be pegged around the 1,620-1,630 levels. Support will be set around the 1,590 level.

INTA has rebounded off the EMA60 level with mildly improved volumes. The MACD Indicator has expanded positively above zero, while the RSI is remains above 50. Monitor for a breakout above the RM0.285 level, targeting the RM0.31 and RM0.325 levels. Support will be set around the RM0.27 level.

MATRIX has experienced a short-term consolidation breakout above the RM1.91 level with improved volumes. The MACD Line has risen above the zero level, while the RSI remains above 50. Price may advance towards the RM1.99-RM2.06 levels. Support will be anchored around the RM1.87 level.

ULICORP has rebounded to close above the EMA9 level with high volumes. The MACD Line has expanded positive above zero, but RSI is overbought. Monitor for a flag-formation breakout above the RM0.605 level, targeting the RM0.645-RM0.70 levels. Support will be pegged around the RM0.57 level.

Source: Mplus Research - 6 Nov 2019