The FBM KLCI march higher for the fourth straight session as the key index closed at around the 1,343.09 level last Friday. The MACD Histogram has extended another green bar, but the RSI remains below 50. Resistance will be pegged around the 1,360-1,380 levels. Support will be set around the 1,320 level.

GAMUDA has breakout above the short term resistance of RM2.82 level with improved volumes. The MACD Indicator has extended another green bar, while the RSI is approaching 50. Price target will be envisaged around the RM3.20 and RM3.44 levels. Support will be set around the RM2.55 level.

FRONTKN has gapped up to remain above the EMA9 level on mildly improved volumes. The MACD Indicator has extended another green bar, while the RSI is approaching 50. Monitor for a breakout above the RM1.71 level, targeting the RM1.98-RM2.12 levels. Support will be anchored around the RM1.46 level.

SEM has experienced a breakout above the RM1.35 resistance level with mild volumes. The MACD Indicator has issued a BUY Signal, while the RSI is re-testing 50. Price may advance, targeting the RM1.45-RM1.50 levels. Support will be pegged around the RM1.30 level.

Source: Mplus Research - 30 Mar 2020