The FBM KLCI lingered in the negative territory throughout the entire trading session before closing at around 1,779.90 pts last Friday. The MACD Histogram has extended another green bar, while the RSI remains above 50. Resistance will be pegged around the 1,790-1,800 levels. Support will be set around the 1,750 level.

INSAS has formed a bullish engulfing candle above the EMA60 level with improved volumes. The MACD Indicator has issued a BUY signal, while the RSI has risen 50. Monitor for follow-though buying interest above the RM1.03 level, targeting the RM1.14-RM1.23 levels. Support will be anchored around the RM0.965 level.

ZHULIAN as price experienced a breakout-pullback-continuation pattern above the RM1.67 level accompanied by higher volumes. The MACD Line has expanded positively above the zero level, but the RSI is slightly overbought. Price may rally, targeting the RM1.78-RM1.85 levels. Support will be pegged around the RM1.67 level.

THRIVEN has formed a bullish engulfing candle and subsequently re-tested the RM0.27 level with improved volumes. The MACD Histogram has turned green, while the RSI is above 50. Monitor for a breakout above the RM0.27 level, targeting the RM0.315-RM0.34 levels. Support will be set around the RM0.24 level.

Source: Mplus Research - 11 Sept 2017