The FBM KLCI snapped a three-day winning streak as the key index retreated to close at around the 1,483.10 level last Friday. The MACD Histogram has extended another green bar, but the RSI remains below 50. Resistance will be pegged around the 1,500-1,510 levels. Support will be set around the 1,460 level.

COMFORT has experienced a breakout above the RM0.915 level on improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may trend higher, targeting the RM0.965-RM1.02 levels. Support will be pegged around the RM0.87 level.

SERBADK has gapped up to close above the EMA60 level on mild volumes. The MACD Histogram has extended another green bar, but the RSI remains below 50. Monitor for a breakout above the RM2.29 level, targeting the RM2.40-RM2.48 levels. Support will be anchored around the RM2.20 level.

DPHARMA has maintained its’ position above the EMA20 level on mildly improved volumes. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Monitor for a trendline breakout above the RM1.59 level, targeting the RM1.70 and RM1.78 levels. Support will be set around the RM1.50 level.

Source: Mplus Research - 9 Mar 2020