The FBM KLCI resume its’ recovery as the key index attempt to re-test the EAM20 level before closing at around the 1,350.89 level yesterday. The MACD Histogram has extended another green bar, but the RSI is hovering below 50. Resistance will be pegged around the 1,360-1,400 levels. Support will be set around the 1,320 level.
MI has experienced a breakout above the short term resistance of RM1.81 level on high volumes. The MACD Histogram has extended another green bar, but the RSI is hovering below 50. Price target will be envisaged around the RM2.13 and RM2.25 levels. Support will be set around the RM1.65 level.
IJMPLNT has experienced a short-term resistance breakout above the RM1.34 level with mildly improved volumes. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Price may recover towards the RM1.52-RM1.64 levels. Support will be anchored around the RM1.21 level.
SERBADK has experienced a flag-formation breakout above the RM1.48 level accompanied by rising volumes. The MACD Histogram has extended another green bar, but the RSI is hovering below 50. Price may stage further rebound, targeting the RM1.67-RM1.83 levels. Support will be pegged around the RM1.35 level.
Source: Mplus Research - 1 Apr 2020
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Created by MalaccaSecurities | Jul 26, 2024