The market environment was negative with the U.K. voting to leave the EU and the FBM KLCI traded negatively towards the intra-day low of 1,612.73 pts, before closing at 1,634.05 pts (-5.93 pts). The MACD Histogram has turned red, while the RSI has crossed below 50. Support will be set around the 1,610 level. Meanwhile, the resistance will be pegged around 1,660.

TADMAX formed a Breakout-Pullback-Continuation pattern above the RM0.365 level with improved volumes. The MACD Line continues to trend positively above zero, while the RSI is hovering above 50. Price may rally towards the price target of RM0.405 and RM0.47 levels. Support will be set around the RM0.365 level.

PANTECH experienced a trendline breakout above the RM0.57 level with higher-than-average volumes. The MACD Line is approaching zero, while the RSI is trending positively above 50. Price may rally towards the RM0.63 and RM0.695 levels after a short consolidation. Support will be anchored around the RM0.55 level.

TRIPLC continues to trend positively above the RM1.78 level with improved volumes. The MACD Indicator expanded positively above zero, while the RSI is staying above the 50 level. Price target will be pegged around the RM1.91-RM2.00 levels. Support will be set around the RM1.78 level.

Source: M+ Online Research - 27 June 2016