The FBM KLCI staged a mild recovery from its’ previous session’s selloff as the key index closed at around the 1,596.84 level last Friday. The MACD Indicator has extended another red bar, while the RSI remains below 50. Resistance will be pegged around the 1,610-1,620 levels. Support will be set around the 1,580 level.

SAMCHEM has formed a flag-formation breakout above the RM0.735 level accompanied by rising volumes. The MACD Line has expanded positively above the zero level, but the RSI has risen into overbought. Price targets are envisaged at around the RM0.805-RM0.85 levels. Support will be located around the RM0.695 level.

BJTOTO has experienced a trendline breakout above the RM2.63 level on mildly improved volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may trend higher, targeting the RM2.76-RM2.82 levels. Support will be located around the RM2.52 level.

WILLOW has experienced a consolidation breakout above the RM0.46 level on high volumes. The MACD Indicator has issued a BUY Signal, but the RSI is slightly overbought. Price may advance, targeting the RM0.52-RM0.565 levels. Support will be located around the RM0.42 level.

Source: Mplus Research - 25 Nov 2019