The FBM KLCI was on a sideway trend on Friday with lower transacted volume and closed at 1,775.87 (+0.48, +0.0%). The MACD histogram extended another green bar above the zero level and the RSI is still hovering slightly above the 70 level. The immediate resistant levels are observed near 1,784 and 1,792, while the immediate support levels are monitored near 1,754 and 1,729 respectively.

GCB rebounded above the Bollinger Band's middle band and above the MA200 line. The MACD histogram turned from red to a green bar but still below zero level, while the RSI is crossing above the 50 level. Monitor for the price breakout above RM1.04 for the next upside targets around RM1.12, RM1.18, and RM1.23 respectively. Trailing stop with daily EMA9 or new entry stop loss below RM0.995.

GHLSYS rebounded above the Bollinger Band's middle band and the EMA20 with increased volumes. The MACD histogram bar turns from red to green and the RSI is rising above the 50 level. Monitor for the price to break out and stay above RM1.58 to move toward RM1.65, RM1.74, and RM1.87 respectively. Trailing stop with daily BB20MB or new entry stop loss below RM1.49.

SKPRES rebounded above EMA9, the Bollinger Band's middle band and also above the MA200 line with increased volumes. The MACD histogram extended another green bar but the MACD is still below the zero level while the RSI is rising above 60 level. Monitor for the price to breakout above RM1.30 toward the next targets of RM1.35, RM1.42, and RM1.53 respectively. Trailing stop loss with the daily EMA9 line or new entry stop loss below RM1.28.

Source: Mplus Research - 15 May 2017