The FBM KLCI march higher for the third straight session to close above the EMA20 level as the key index closed at around the 1,595.81 level last Friday. The MACD Histogram has extended another green bar, but the RSI remains below 50. Resistance will be pegged around the 1,610-1,615 levels. Support will be set around the 1,580 level.

OKA has experienced a flag-formation breakout above the RM0.78 level on rising volumes. The MACD Histogram has turned green, while the RSI is hovering above 50. Price targets are envisaged around the RM0.815 and RM0.84 levels. Support will be set around the RM0.75 level.

SCNWOLF has rebounded off the EMA9 level on improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a potential flag-formation breakout above the RM0.255 level, targeting the RM0.29-RM0.335 levels. Support will be anchored around the RM0.23 level.

DPIH has advanced to close above the EMA9 level on mild volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above the RM0.18 level, targeting the RM0.20-RM0.21 levels. Support will be pegged around the RM0.165 level.

Source: Mplus Research - 20 Jan 2020