The FBM KLCI gapped down after rejecting the EMA60 level as the key index closed at around the 1,381.73 level yesterday. The MACD Histogram has turned red, while the RSI is retreated from overbought. Resistance will be pegged around the 1,420-1,450 levels. Support will be set around the 1,370 level.

LCTITAN has rebounded off the EMA60 level on mild volumes. The MACD Line has expanded positively above the zero level, but the RSI is overbought. Monitor for a potential flag-formation breakout above the RM1.59 level, targeting the RM1.68-RM1.76 levels. Support will be located around the RM1.48 level.

MYCRON has formed a bullish engulfing candle to re-test the EMA60 level on mild volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above the RM0.26 level, targeting the RM0.295-RM0.32 levels. Support will be located around the RM0.22 level.

HLT has experienced a breakout above the RM0.225 level on high volumes. The MACD Histogram has turned green, but the RSI is overbought. Price may stage a mild pullback before targeting the RM0.28- RM0.305 levels. Support will be anchored around the RM0.20 level.

Source: Mplus Research - 22 Apr 2020