The FBM KLCI gapped down following the extension of Movement Control Order (MCO) as the key index closed at around the 1,369.85 level last Friday. The MACD Histogram has extended another red bar, while the RSI remains above 50. Resistance will be pegged around the 1,380-1,400 levels. Support will be set around the 1,360 level.

ASTRO has experienced a consolidation breakout above the RM0.86 level on high volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Price targets are envisaged at around the RM0.95-RM1.00 levels. Support will be located around the RM0.795 level.

IQGROUP has formed a bullish candle to close above the EMA20 level on improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a consolidation breakout above the RM0.43 level, targeting the RM0.52-RM0.595 levels. Support will be located around the RM0.33 level.

HEXZA has breakout above the RM0.79 resistance level on high volumes. The MACD Histogram has turned green, but the RSI is overbought. Price may stage a mild pullback before targeting the RM0.845- RM0.86 levels. Support will be anchored around the RM0.755 level.

Source: Mplus Research - 27 Apr 2020