The FBM KLCI climbed marginally higher last Friday, taking cue from the firmer Ringgit against the Greenback and allowing the key index to close around the 1755.00 pts. The MACD Histogram has extended another green bar, but the RSI remains below 50. Resistance will be pegged around the 1,770- 1,780 levels. Support will be set around the 1,750 level.

GHLSYS has formed a bullish engulfing candle as its price continues to be supported along the EMA20 level with improved volumes The MACD Histogram has turned green, while the RSI is retesting 50. Monitor for a breakout above the RM1.54 level, targeting the RM1.75-RM1.87 levels. Support will be set around the RM1.41 level.

LIIHEN has formed a bullish engulfing candle to close above the EMA20 level accompanied by improved volumes. The MACD Indicator has extended another green bar, while the RSI has risen above 50. Price may rally towards the RM3.31-RM3.52 levels after a short consolidation. Support will be anchored around the RM3.05 level.

After finding support above the EMA60 level, ANNJOO has experienced a trendline breakout. The MACD Histogram has turned green. The RSI, however, is below 50. Price target will be envisaged around the RM3.35 and RM3.55 levels. Support will be pegged around the RM3.00 level.

Source: Mplus Research - 17 Jul 2017