After traded mostly in the positive territory, the FBM KLCI edged marginally higher last Friday as the key index closed at 1,791.31. The MACD Histogram has extended another red bar, 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

DOMINAN has formed a bullish engulfing candle to close above the EMA9 level with improved volumes. The MACD Line has issued a BUY signal, while the RSI is above 50. Monitor for a breakout above the RM1.28 level, targeting the RM1.35-RM1.45 levels. Support will be pegged around the RM1.20 level.

LTKM has experienced a short-term consolidation breakout above the RM1.66 level with high volumes. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Price target will be envisaged around the RM1.89 and RM2.00 levels. Support will be anchored around the RM1.54 level.

ANCOM has formed a bullish engulfing candle to close above the EMA9 level with improved volumes. The MACD Histogram has turned green, but the RSI is overbought. Monitor for an ascending triangle formation breakout above the RM0.86 level, targeting the RM0.95 and RM1.05 levels. Support will be set around the RM0.76 level.

Source: Mplus Research - 19 Jun 2017