The FBM KLCI managed to inch higher after recovering all its’ intraday losses as the key index closed at around the 1,534.98 level yesterday. The MACD Histogram has turned green, while the RSI has risen above 50. Resistance will be pegged around the 1,550-1,560 levels. Support will be set around the 1,515 level.

CARIMIN has experienced a flag-formation breakout above the RM1.18 level on improved volumes. The MACD Histogram has turned green, but the RSI is slightly overbought. Price may trend higher, targeting the RM1.30 and RM1.37 levels. Support will be set around the RM1.11 level.

JOHOTIN has experienced a short-term consolidation breakout above the RM1.82 level on high volumes. The MACD Histogram has turned green, but the RSI is overbought. Price may advance, targeting the RM1.89-RM1.95 levels. Support will be anchored around the RM1.76 level.

MYEG has gapped up to close above the EMA9 level on mildly improved volumes. The MACD Line has expanded positively above the zero level, but the RSI is overbought. Price targets are envisaged at around the RM1.42-RM1.49 levels. Support will be pegged around the RM1.21 level

Source: Mplus Research - 21 Feb 2020