On the eve of the extended Hari Raya festive break last week, the FBM KLCI extended its gains to close at 1,777.43. 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

After finding support along the EMA60 level, CAB has formed a bullish engulfing candle accompanied by improved volumes. The MACD Histogram has turned green, while the RSI is approaching 50. Price target will be envisaged around the RM3.03-RM3.11 levels. Support will be pegged around the RM2.63 level.

FIBON has experienced a breakout-pullback-continuation formation above the EMA120 level. The MACD Histogram has turned green, while the RSI remains above 50. Price could rally, targeting the RM0.80 and RM0.835 levels. Support will be anchored around the RM0.625 level.

CAREPLS has formed a bullish engulfing candle to close above the EMA9 and EMA20 levels. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above the RM0.405 level to target the RM0.44-RM0.48 levels. Support will be set around the RM0.375 level.

Source: Mplus Research - 28 Jun 2017