The FBM KLCI continue to trade in a tight range, hovering around the EMA20 level as the key index edged mildly higher to close at around the 1,372.20 level yesterday. Although the MACD Histogram has extended another red bar, the RSI remains above 50. Resistance will be pegged around the 1,400-1,420 levels. Support will be set around the 1,360 level.

PWROOT has formed a bullish candle to close above the EMA9 level on marginally improved volumes. The MACD Histogram has extended another red bar, while the RSI is treading a tad below the overbought level. Monitor for a potential flag-formation breakout above the RM2.26 level, targeting the RM2.45- RM2.50 levels. Support will be located around the RM2.16 level.

GADANG has experienced a short-term symmetrical triangle formation breakout above the RM0.375 level on improved volumes. The MACD Histogram has extended another red bar, while the RSI is approaching 50. Price may trend higher, targeting the RM0.40-RM0.435 levels. Support will be located around the RM0.355 level.

BJTOTO has formed a bullish candle to close above the EMA20 level on mild volumes. The MACD Histogram has turned green, but the RSI is below 50. Monitor for a consolidation breakout above the RM2.26 level, targeting the RM2.35-RM2.45 levels. Support will be anchored around the RM2.20 level.

Source: Mplus Research - 29 Apr 2020