The FBM KLCI formed a bullish candle to recover all its’ previous three sessions of losses as the key index closed at around the 1,303.28 level last Friday. The MACD Histogram has turned green, while the RSI has recovered from oversold. Resistance will be pegged around the 1,320-1,330 levels. Support will be set around the 1,260 level.

TOPGLOV has experienced a short-term consolidation breakout above the RM5.90 level on improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may trend higher, targeting the RM6.51-RM6.68 levels. Support will be anchored around the RM5.64 level.

HARTA has experienced a short-term consolidation breakout above the RM6.34 level on improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI remains above 50. Price may advance, targeting the RM7.00-RM7.20 levels. Support will be pegged around the RM6.07 level.

KOSSAN has rebounded to close above the EMA60 level. The MACD Histogram has extended another red bar, while the RSI is approaching 50. Monitor for a short-term channel formation breakout above the RM4.80 level, targeting the RM5.12-RM5.43 levels. Support will be located around the RM4.49 level.

Source: Mplus Research - 23 Mar 2020