The FBM KLCI staged a mild recovery from its previous session selloff, but most of its intraday gains were capped by quick profit taking activities as the key index closed at 1,771.36 pts yesterday. The MACD Histogram has extended another red bar, while the RSI continues to trend below 50. Resistance will be pegged around the 1,800-1,820 levels. Support will be set around the 1,760 level.

IKHMAS has experienced a short-term trendline breakout above the RM0.70 level accompanied by improved volumes. The MACD Line has issued a BUY Signal, while the RSI is above 50. Price target will be envisaged around the RM0.775-RM0.815 levels. Support will be pegged around the RM0.68 level.

Source: Mplus Research - 30 Jun 2017