The FBM KLCI gapped down to retreat as the key index closed at around the 1,357.50 level last Friday. The MACD Histogram has turned red, while the RSI is overbought. Resistance will be pegged around the 1,370-1,400 levels. Support will be set around the 1,320 level.

IJM has formed a bullish engulfing candle to remain above the EMA9 level on mild volumes. The MACD Histogram has turned green, but the RSI is overbought. Monitor for a consolidation breakout above the RM1.83 level, targeting the RM2.06-RM2.14 levels. Support will be located around the RM1.64 level.

AME has formed a bullish engulfing candle to remain above the EMA20 level on mild volumes. The MACD Histogram has turned green, but the RSI is overbought. Monitor for a consolidation breakout above the RM1.83 level, targeting the RM1.50-RM1.55 levels. Support will be located around the RM1.30 level.

TM has gapped up above the EMA120 level on mildly improved volumes. The MACD Line has expanded positively above the zero level, but the RSI is overbought. Monitor for a breakout above the RM3.80 level, targeting the RM3.94-RM4.05 levels. Support will be anchored around the RM3.65 level.

Source: Mplus Research - 13 Apr 2020