Buying support in selected index heavyweights nudged the FBM KLCI higher as the key index closed at around the 1,369.76 level yesterday. The MACD Histogram has extended another green bar, while the RSI is above 50. Resistance will be pegged around the 1,400-1,455 levels. Support will be set around the 1,320 level.

QL has formed a bullish engulfing candle to remain above the EMA60 level on mild volumes. The MACD Line has risen above the zero level, but the RSI is overbought. Monitor for a consolidation breakout above the RM7.97 level, targeting the RM8.39-RM8.65 levels. Support will be located around the RM7.61 level.

MUHIBAH has experienced a short-term consolidation breakout above the RM0.955 level on high volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may trend higher, targeting the RM1.09-RM1.20 levels. Support will be pegged around the RM0.87 level.

UNISEM has experienced a flag-formation breakout above the RM1.76 level on improved volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may advance, targeting the RM1.90-RM1.95 levels. Support will be anchored around the RM1.66 level.

Source: Mplus Research - 10 Apr 2020