The FBM KLCI retreated yesterday in tandem with the negative performance on key regional indices to close at 1,790.01. 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.

FPI has gapped-up and subsequently broke-out above the RM0.90 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Price target will be envisaged around the RM0.94 and RM0.97 levels. Support will be set around the RM0.87 level.

YOCB has experienced a short-term consolidation breakout above the RM1.25 level with improved volumes. The MACD Line has issued a BUY signal, while the RSI has risen above 50. Monitor for a breakout above the RM1.30 level to target the RM1.37-RM1.40 levels. Support will be anchored around the RM1.23 level.

MRCB has retested the RM1.48 resistance level with improved volumes The MACD Histogram has turned green, while the RSI is approaching 50. Monitor for a breakout above the RM1.48 level, targeting the RM1.65-RM1.77 levels. Support will be pegged around the RM1.35 level.

Source: Mplus Research - 16 Jun 2017