Despite opening sharply higher, the FBM KLCI erased all its intraday gains after rejecting the 1,780 resistance level to close at around 1,769.63 pts. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Resistance will be pegged around the 1,780-1,800 levels. Support will be set around the 1,750 level.

After finding support above the EMA120 level, LIONIND has gapped-up to close above the EMA60 level accompanied by improved volumes. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Price may trend higher, targeting the RM1.24-RM1.28 levels. Support will be anchored around the RM1.01 level.

The uptrend intact formation was established in MATRIX as price experienced a breakout above the RM2.77 level with improved volumes. The MACD Indicator has expanded positively above the zero level, but the RSI is overbought. Price may rally, targeting the RM2.87-RM3.00 levels. Support will be pegged around the RM2.70 level.

TUNEPRO has experienced a short-term breakout-pullback-continuation pattern above the RM1.04 level. The MACD Histogram has turned green, while the RSI is above 50. Monitor for a breakout above the RM1.12 level, targeting the RM1.21-1.27 levels. Support will be set around the RM1.04 level.

Source: Mplus Research - 6 Sept 2017