The FBM KLCI gapped-down and subsequently ended lower at around 1,769.17 pts last Friday, bucking the positive performance on key regional indices. The MACD Histogram has turned red and the RSI has tripped below 50. Resistance will be pegged around the 1,780-1,800 levels. Support will be set around the 1,750 level.

SERBADK has experienced a flag-formation breakout above the RM2.15 level with improved volumes. The MACD Line has expanded positively above the zero level, but the RSI is overbought. Price may rally, targeting the RM2.30-RM2.40 levels. Support will be anchored around the RM2.10 level.

EUPE has formed a bullish engulfing candle to close above the EMA20 level accompanied by improved volumes. The MACD Histogram has turned green, while the RSI is approaching 50. Monitor for a breakout above the RM1.10 level, targeting the RM1.22-RM1.30 levels. Support will be pegged around the RM1.02 level.

OCK has closed above the EMA20 level with slightly improved volumes. The MACD Histogram has extended another green bar, while the RSI is above 50. Monitor for a consolidation breakout above the RM0.925 level, targeting the RM0.985 and RM1.00 levels. Support will be set around the RM0.885 level.

Source: Mplus Research - 28 Aug 2017