The FBM KLCI remained downbeat after erasing all its’ intraday gains as the key index closed at around the 1,583.87 level yesterday. The MACD Histogram has extended another red bar, while the RSI remains below 50. Resistance will be pegged around the 1,600-1,610 levels. Support will be set around the 1,570 level.

DPHARMA has rebounded to close above the EMA60 level accompanied by rising volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a trendline breakout above the RM1.38 level, targeting the RM1.45-RM1.48 levels. Support will be located around the RM1.34 level.

TECHBND has experienced a consolidation breakout above the RM0.845 level on high volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may trend higher, targeting the RM0.90-RM0.935 levels. Support will be located around the RM0.815 level.

POHUAT has gapped-up to close above the EMA20 level. The MACD Histogram has turned green, while the RSI has risen above 50. Monitor for a consolidation breakout above RM1.53, targeting the RM1.60- RM1.64 levels. Support will be located around the RM1.48 level.

Source: Mplus Research - 27 Nov 2019