The FBM KLCI advanced in tandem with gains across regional peers as the key index rebounded to close at around the 1,478.64 level yesterday. The MACD Histogram has turned green, but the RSI remained oversold. Resistance will be pegged around the 1,500-1,510 levels. Support will be set around the 1,460 level.

SOP has formed a bullish engulfing candle to rebound off the EMA120 level on mildly improved volumes. The MACD Histogram has turned green, but the RSI remains oversold. Monitor for a short-term trendline breakout above RM3.30, targeting the RM3.70 and RM3.82 levels. Support will be set around the RM3.03 level.

DPHARMA has snapped a three-day losing streak to recover above the EMA120 level on improved volumes. The MACD Histogram has turned green, while the RSI has recovered from oversold. Price may advance, targeting the RM1.64-RM1.70 levels. Support will be anchored around the RM1.45 level.

CAREPLS has gapped up to close above the EMA20 level on improved volumes. The MACD Histogram has turned green, while the RSI has recovered from oversold. Price may trend higher, targeting the RM0.295-RM0.345 levels. Support will be pegged around the RM0.22 level.

Source: Mplus Research - 4 Mar 2020