The FBM KLCI endured a choppy trading session, before closing lower at 1,784.44 pts yesterday after resume trading from the extended weekend break. The MACD Histogram has turned red, while the RSI continues to trend above 50. Resistance will be pegged around the 1,800-1,820 levels. Support will be set around the 1,760 level.

POHUAT has experienced a consolidation breakout above the RM1.86 consolidation level with high volumes The MACD Indicator has issued a BUY signal, but the RSI is marginally below the overbought level. Price target will be envisaged around the RM2.04 and RM2.12 levels. Support will be set around the RM1.78 level.

ZHULIAN has gapped up to close above the EMA60 level with improved volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Price may rally towards the RM1.85-RM1.98 levels. Support will be anchored around the RM1.55 level.

SYMLIFE has formed a breakout-pullback-continuation pattern above the RM0.935 level with minor improved volumes. The MACD Histogram has extended another green bar, while the RSI has crossed above 30. Monitor for a breakout above the RM0.995 level, targeting the RM1.07-RM1.15 levels. Support will be pegged around the RM0.935 level.

Source: Mplus Research - 14 Jun 2017