The FBM KLCI traded in a lackluster manner before closing marginally lower at 1,688.50 pts ahead of the Thaipusam break. The MACD Histogram is red, while the RSI continues to hover above 50. The immediate resistance will be pegged around the 1,700-1,730 levels. Support will be anchored at the 1,650 level.

MAHSING has broken above the RM1.50 consolidation level with higher-than-average volumes. The MACD Histogram has turned green, while the RSI continues to trend above 50. Price may rally towards the target of the RM1.58 and RM1.70 levels. Support will be set around the RM1.45 level.

UEMS has formed a breakout-pullback-continuation pattern above the RM1.08 level with improved volumes. The MACD Histogram has extended another green bar, but the RSI is overbought. Price might head towards the RM1.25-RM1.37 levels after a short-term consolidation. Support will be pegged around the RM1.08 level.

TPC has rebounded off the EMA9 level and re-tested the RM0.51 resistance level. The MACD Line has crossed above the zero level, while the RSI continues to trend above 50. Monitor for a breakout above the RM0.51 level to target the RM0.56 and RM0.60 levels. Support will be set around the RM0.48 level.

Source: Mplus Research - 10 Feb 2017