The FBM KLCI gapped up to reclaim the 1,500 psychological level as the key index closed at around the 1,503.55 level yesterday. The MACD Histogram has turned green, but the RSI remained oversold. Resistance will be pegged around the 1,515-1,530 levels. Support will be set around the 1,480 level.

GHLSYS has experienced a breakout above the RM1.69 resistance level accompanied by rising volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may advance, targeting the RM1.80 and RM1.86 levels. Support will be set around the RM1.62 level.

UCHITEC has gapped up to close above the EMA20 level on improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Monitor for a breakout above the RM2.71 level, targeting the RM2.78-RM2.90 levels. Support will be anchored around the RM2.65 level.

UCHITEC has gapped up to close above the EMA20 level on improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Monitor for a breakout above the RM2.71 level, targeting the RM2.78-RM2.90 levels. Support will be anchored around the RM2.65 level.

Source: Mplus Research - 28 Feb 2020