The FBM KLCI pulled back from the previous day's high of 1,782.54 towards the Bollinger Band's middle band (around 1,771) before closing at 1,772.30 (-1.66, -0.1%). The MACD histogram has turned from a green bar to red bar below the zero level and the MACD line is staying below the signal line. The RSI is hovering below the 60 level. The immediate support levels are located 1,762, 1,754 and more critically at 1,729, while the resistances are located near 1,787 and 1,792 respectively

RANHILL's stock price rebounded above the EMA9 line and initiated a break-out above RM0.885. The MACD histogram extended another green bar, while the RSI is hovering above the 80 level. Monitor for the price to break out and stay above RM0.885 to envisage a move towards RM0.910 and RM0.965. Trailing stop with daily EMA9 or new entry stop loss below RM0.865.

IKHMAS's stock price brokeout above RM0.725 and above the EMA9. The MACD histogram extended another green bar and the MACD line is approaching to cross above signal line. The RSI is rising above the 60 level. Monitor for the price to break-out and stay above RM0.725 to envisage a move towards RM0.750 and RM0.790. Trailing stop with daily EMA9 or new entry stop loss below RM0.70.

ORION's stock price rebounded above the Bollinger Band's middle band. The MACD histogram extended another red bar, but flatlined. The RSI is hovering above 50 level. Monitor for the price to breakout above RM0.375 toward the next upside targets around RM0.425 and RM0.455. Trailing stop loss with the daily EMA9 line or new entry stop loss below RM0.335

Source: Mplus Research - 29 May 2017