The FBM KLCI gapped down to erase all its’ previous session gains as the key index closed at around the 1,419.43 level yesterday. The MACD Histogram has turned red, while the RSI remains oversold. Resistance will be pegged around the 1,445-1,455 levels. Support will be set around the 1,415 level.

RUBEREX has extended its’ gains above the EMA9 level on rising volumes. The MACD Line has expanded positively above the zero level, but the RSI is overbought. Monitor for a breakout above the RM0.895 level, targeting the RM0.96-RM1.00 levels. Support will be pegged around the RM0.815 level.

NTPM has gapped up to close above the EMA60 level on high volumes. The MACD Histogram has extended another green bar, but the RSI remains below 50. Monitor for a breakout above the RM0.52 level, targeting the RM0.57-RM0.595 levels. Support will be anchored around the RM0.465 level.

CAREPLS has retained its’ position above the EMA9 level on rising volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above the RM0.33 level, targeting the RM0.36 and RM0.405 levels. Support will be set around the RM0.295 level.

Source: Mplus Research - 13 Mar 2020