The FBM KLCI has found some support along the 1,660 level before closing around the 1,663.03 pts. The MACD Histogram, however, has extended another red bar, while the RSI is hovering below the overbought level. Resistance will be pegged around the 1,680-1,700 levels. Support will be set around the 1,650 level.

BSLCORP has formed a breakout-pullback-continuation pattern above the RM0.315 level with improved volumes The MACD Indicator has expanded positively above zero, but the RSI is overbought. Price target will be envisaged around the RM0.395 and RM0.43 levels. Support will be set around the RM0.315 level.

CYPARK has experienced a short-term consolidation breakout above the RM2.13 level with imporved volumes. The MACD Histogram has extended another green bar, while the RSI has rose above 50. Price may rally towards the RM2.25-RM2.56 levels after a short consolidation. Support will be anchored around the RM2.05 level.

LIONIND has formed a consolidation breakout above the RM0.46 level with improved volumes. The MACD Histogram has turned green. The RSI, however, is overbought. Price may rally towards the RM0.525-RM0.565 levels after a short consolidation. Support will be pegged around the RM0.435 level.

Source: Mplus Research - 18 Jan 2017