The FBM KLCI managed to hold above the EMA9 level on bargain hunting activities as the key index closed at around the 1,330.90 level yesterday. The MACD Histogram has turned green, while the RSI is approaching 50. Resistance will be pegged around the 1,350-1,360 levels. Support will be set around the 1,300 level.

DAYANG has experienced a breakout above the RM1.22 level accompanied by rising volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may recover towards the RM1.45-RM1.65 levels. Support will be located around the RM1.06 level.

UWC has rebounded to re-test the EMA20 level on mild volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Monitor for a breakout above the RM1.85 level, targeting the RM2.09-RM2.37 levels. Support will be pegged around the RM1.63 level.

KKB has formed a bullish engulfing candle to close above the EMA9 level on rising volumes. The MACD Indicator has issued a BUY Signal, but the RSI remains below 50. Price may rebound, targeting the RM1.64-RM1.77 levels. Support will be anchored around the RM1.40 level.

Source: Mplus Research - 3 Apr 2020