The FBM KLCI ended slightly lower near the EMA60 level on the back of shortened trading day before the Hari Raya break. The MACD Line has crossed above zero, while the MACD Histogram has turned red. The RSI is hovering above 50. Resistance will be pegged around 1,660-1,680. Support will be located near the 1,630 level.

ANNJOO has experienced a flag formation breakout above the RM1.17 level with improved volumes. The MACD Indicator is trending positively above zero, while the RSI is threading near the 50 level. Price target will be envisaged around the RM1.26 and RM1.40 levels. Support will be pegged around RM1.13.

MMSV experienced a sideways consolidation breakout above the RM0.505 level with improved volumes. The MACD Line is trending higher above the zero level. Also, the RSI is surging above the 50 level. Monitor for the follow-through buying interest above the RM0.51 level, targeting the RM0.56- RM0.59 levels. Support will be anchored around the RM0.48 level.

ASIAPLY has retested the near term resistance of the RM0.265 level with high volumes. The MACD Indicator has expanded positively above zero, while the RSI is hovering above 50. Monitor for a breakout above the RM0.265 level, targeting the RM0.285 and RM0.32 levels. Support will be set around RM0.255.

Source: M+ Online Research - 8 Jul 2016