The FBM KLCI was traded largely unchanged as the key index maintained its’ stance above the EMA9 level, closing at around the 1,330.65 level last Friday. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Resistance will be pegged around the 1,350-1,360 levels. Support will be set around the 1,300 level.

DIALOG has extended its’ gains to close above the EMA20 level on mildly volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Monitor for a breakout above the RM3.10 level, targeting the RM3.27-RM3.47 levels. Support will be located around the RM2.97 level.

GCB has gapped up to re-test the EMA20 level on mild volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Monitor for a breakout above the RM2.13 level, targeting the RM2.31-RM2.46 levels. Support will be pegged around the RM1.95 level.

DIGI has rebounded to close above the EMA20 level on mild volumes. The MACD Line remains above the zero level, while the RSI remains above 50. Monitor for a flag-formation breakout above the RM4.24 level, targeting the RM4.43-RM4.62 levels. Support will be anchored around the RM4.08 level.

Source: Mplus Research - 6 Apr 2020