After forming a bearish engulfing candle and violating the 1,630 support level, FBM KLCI extended its losses to close at 1,623.03 pts, in tandem with the weakness across key regional indices. The MACD Histogram has extended another red bar, while the RSI has tripped below 50. Resistances will be pegged around the 1,630-1,650 levels. Support will be set around the 1,610 level.

MITRA has gapped-up and rose above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is hovering above 50. Monitor for a consolidation breakout above the RM1.25 level to target the RM1.35 and RM1.41 levels. Support will be pegged below the RM1.20 level.

EMICO has formed a flag-formation breakout above the EMA9 level with high volumes. The MACD Indicator has expanded positive above the zero level, while the RSI is hovering above 50. Monitor for a breakout above RM0.235 level to target around the RM0.26 and RM0.28 levels. Support will be set around the RM0.21 level.

DIGISTA has gapped-up and retested the RM0.175 resistance level with slightly improved volumes. The MACD Histogram has turned green, while the RSI is hovering above 50. Monitor for a breakout above RM0.175 level to target around the RM0.20 and RM0.215 levels. Support is anchored around the RM0.21 level.

Source: Mplus Online Research - 23 Dec 2016