The FBM KLCI gapped-down and subsequently closed at its lowest level in the past month at around 1,761.14 pts yesterday. The MACD Histogram has extended another red bar, while the RSI remains below 50. Resistance will be pegged around the 1,780-1,800 levels. Support will be set around the 1,750 level.

CRESBLD has found some support above the EMA9 level after the recent mild retracement. The MACD Line remains above the zero level, while the RSI is above 50. Monitor for a potential flag-formation breakout above the RM1.14 level, targeting the RM1.22-RM1.29 levels. Support will be anchored around the RM1.08 level.

Following the recovery above the EMA120 level, the uptrend intact formation was established in MATRIX. The MACD Histogram has extended another green bar, while the RSI is above 50. Monitor for a breakout above the RM2.77 level, targeting the RM2.87-RM3.00 levels. Support will be pegged around the RM2.60 level.

SIGN has formed a bullish engulfing candle to close above the EMA60 level with improved volumes. The MACD Histogram has turned green, while the RSI is above 50. Monitor for a breakout above the RM0.93 level, targeting the RM1.00 and RM1.07 levels. Support will be set around the RM0.855 level.

Source: Mplus Research - 30 Aug 2017