The FBM KLCI gapped-up and subsequently rose above the EMA9 and EMA20 levels before closing around the 1,776.95 pts. The MACD Histogram has turned green, while the RSI is approaching the 50 level. The immediate resistance will be pegged around the 1,785-1,800 levels. Support will be set around the 1,760 level.

TRC has experienced a breakout-pullback-continuation pattern above the RM0.615 level with improved volumes. The MACD Histogram has turned green, while the RSI continues to trend above 50. Price target will be envisaged around the RM0.74 and RM0.81 levels. Support will be set around the RM0.615 level.

HIL has staged a consolidation breakout above the RM1.14 level with improved volumes. The MACD Indicator has issued a BUY signal, while the RSI remains above 50. Price could rally towards the RM1.30-RM1.40 levels. Support will be anchored around the RM1.04 level.

After finding support along the RM1.29 level, SEACERA has rebounded to close above the EMA20 level. The MACD Histogram has extended another green bar, but the RSI remains below 50. Monitor for a trendline breakout above the RM1.42 level, targeting the RM1.66-RM1.80 levels. Support will be pegged around the RM1.29 level.

Source: Mplus Research - 5 Jun 2017