The FBM KLCI edged lower in tandem with the weakness in key regional indices before closing at 1,708.90 pts. The MACD Histogram has extended another green bar, but the RSI is slightly overbought. The immediate resistance will be pegged around the 1,730-1,770 levels. Support will be anchored at the 1,680 level.

PURI has formed a breakout-pullback-continuation pattern above the EMA9 level with marginally higher volumes. The MACD Histogram has extended another green bar, while the RSI continues to trend above 50. Price could trend towards the RM0.51 and RM0.56 levels. Support will be set around the RM0.445 level.

MTDACPI has experienced a short-term consolidation breakout the RM0.38 level with improved volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Price might head towards the RM0.44-RM0.485 levels upon the trendline breakout above RM0.395 level. Support will be set around the RM0.355 level.

BTM has formed a flag-formation breakout with minor improved volumes. The MACD Histogram has turned green, but the RSI is approaching the overbought level. Price target will be envisaged around the RM0.355 and RM0.385 levels. Support will be pegged around the RM0.285 level.

Source: Mplus Research - 15 Feb 2017