Once again, the FBM KLCI bucked the positive performance across key regional peers to close lower for the third straight session to 1,755.03 pts yesterday. The MACD Histogram has extended another red bar, while the RSI remains oversold. Resistance will be pegged around the 1,770-1,780 levels. Support will be set around the 1,750 level.

STAR has experienced a consolidation breakout above the RM2.36 level accompanied by improved volumes. The MACD Histogram has turned green, but the RSI is slightly overbought. Price may rally, targeting the RM2.45 and RM2.54 levels. Support will be anchored around the RM2.30 level.

KSL has formed a hammer candle and subsequently closed above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, but the RSI remains below 50. Monitor for a consolidation breakout above the RM1.25 level, targeting the RM1.31-RM1.38 levels. Support will be pegged around the RM1.21 level.

SAPRES has closed above the EMA20 level as traded volumes improved over the past four consecutive sessions. The MACD Histogram has turned green, while the RSI has risen above 50. Monitor for a symmetrical triangle breakout above the RM1.11 level, targeting the RM1.20-RM1.27 levels. Support will be set around the RM1.08 level.