Renewed buying interest sent the FBM KLCI sharply higher in tandem with gains across regional equities as the key index closed at around the 1,291.14 level yesterday. The MACD Histogram has turned green, while the RSI remains oversold. Resistance will be pegged around the 1,330-1,350 levels. Support will be set around the 1,260 level.

REVENUE has gapped up to close above the EMA9 level on mildly improved volumes. The MACD Histogram has extended another green bar, while the RSI has recovered from oversold. Price may trend higher, targeting the RM0.93-RM1.02 levels. Support will be anchored around the RM0.71 level.

RUBEREX has gapped up to re-test the EMA20 level on mildly improved volumes. The MACD Histogram has turned green, but the RSI remains below 50. Monitor for a breakout above the RM0.74 level, targeting the RM0.82-RM0.88 levels. Support will be pegged around the RM0.69 level.

UWC has rebounded to re-test the EMA9 level. The MACD Histogram has extended another green bar, while the RSI has recovered from oversold. Price may advance, targeting the RM1.75-RM1.91 levels. Support will be located around the RM1.39 level.

Source: Mplus Research - 25 Mar 2020