The FBM KLCI gapped up to close above the EMA9 level as the key index closed at around the 1,552.77 level yesterday. The MACD Histogram has extended another green bar, while the RSI has recovered from oversold. Resistance will be pegged around the 1,570-1,590 levels. Support will be set around the 1,540 level.

NAIM has experienced a breakout-pullback-continuation pattern above the EMA20 level on improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may trend higher, targeting the RM1.33 and RM1.44 levels. Support will be set around the RM1.13 level.

JHM has experienced a short-term consolidation breakout above the RM1.52 level accompanied by rising volumes. The MACD Histogram has extended another green bar, while the RSI recovered from oversold. Price may advance, targeting the RM1.62-RM1.71 levels. Support will be anchored around the RM1.46 level.

HTPADU has advanced to close above the EMA120 level on mildly improved volumes. The MACD Histogram has extended another green bar, but the RSI remains below 50. Monitor for a breakout above the RM1.07 level, targeting the RM1.17-RM1.23 levels. Support will be pegged around the RM1.00 level.

Source: Mplus Research - 7 Feb 2020