The FBM KLCI edged higher for the fifth consecutive session as the key index re-tested the 1,770 resistance level before closing around the 1,770.07 pts. The MACD Histogram has extended another green bar, while the RSI rose above 50. Resistance will be pegged around the 1,770-1,780 levels. Support will be set around the 1,750 level.

LBALUM has experienced a flag-formation breakout above the RM0.78 level with minor improved volumes. The MACD Indicator has issued a BUY signal, while the RSI has risen above 50. Price target will be envisaged around the RM0.86 and RM0.94 levels. Support will be set around the RM0.74 level.

SUNSURIA has formed a bullish engulfing candle after being supported above the EMA20 level. The MACD Histogram has extended another red bar, while the RSI remains above 50. Monitor for a shortterm trendline breakout above the RM1.48 level, targeting the RM1.59-RM1.70. Support will be anchored around the RM1.42 level.

DUFU has experienced a flag-formation breakout above the RM1.38 level with rising volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Price may rally, targeting the RM1.56- RM1.66 levels. Support will be pegged around the RM1.29 level.

Source: Mplus Research - 28 Jul 2017