The FBM KLCI formed a bearish candle, sinking below the 1,600 psychological level as the key index closed at around the 1,592.19 level yesterday. The MACD Indicator has issued a SELL Signal, while the RSI has slipped below 50. Resistances will be pegged around the 1,610-1,620 levels. Support will be set around the 1,570 level.

IOICORP has experienced a resistance breakout above the RM4.48 level on improved volumes. The MACD Histogram has extended another green, while the RSI remains above 50. Price may trend higher, targeting the RM4.70-RM4.80 levels. Support will be located around the RM4.32 level.

DANCO has advanced to close above the EMA120 level. The MACD Histogram has turned green, while the RSI has risen above 50. Monitor for a trendline breakout above RM0.54, targeting the RM0.585- RM0.61 levels. Support will be located around the RM0.495 level.

THPLANT has experienced a consolidation breakout above the RN0.35 level on improved volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may advance, targeting the RM0.405-RM0.455 levels. Support will be located around the RM0.315 level.

Source: Mplus Research - 22 Nov 2019