FBMKLCI

The FBM KLCI has retested the all-time-high of the 1,892 level, but the key index has ended lower at 1,884.91 pts (-3.78 pts) on Friday. The MACD Histogram has turned negative, but the RSI is hovering above 50. Resistance will remain around the 1,890-1,900 levels. Support will be pegged around the 1,850-1,862 levels.

TGUAN (7034)

TGUAN has trended sideways over the past month between the RM2.34-RM2.40 levels. The MACD Histogram has turned green, while the RSI is trending higher towards 50. Monitor for a breakout above the RM2.40 level, targeting the RM2.51-RM2.60 levels. Support will be pegged around the RM2.34 level.

PW (7134)

PW has experienced a breakout above the RM1.30 level with improved volumes. The MACD Histogram has turned green – suggesting that the momentum is picking up. The RSI, however, is below 50. Price target will be set around the RM1.43 and RM1.55 levels. Support will be located around the RM1.21 level.

KTB (4847)

KTB has retraced lower towards the RM0.30 level, after the breakout on 17th June. The MACD Histogram has turned green, while the RSI is sustaining above 50. If the price could close above the RM0.315 level, the price target will be envisaged around the RM0.395 level. Support will be pegged around the RM0.30 level.

Source: Malacca Securities Research