The FBM KLCI drifted lower for the fourth straight session, closing at around 1,771.04 pts ahead of the extended weekend break. The MACD Histogram has extended another red bar, while the RSI remains above 50. Resistance will be pegged around the 1,790-1,800 levels. Support will be set around the 1,760 level.

VIS has formed a bullish engulfing candle to close above the EMA20 level accompanied by high volumes. The MACD Histogram has turned green, while the RSI recovered from the oversold position. Price may rally, targeting the RM1.48-RM1.60 levels. Support will be anchored around the RM1.25 level.

BAUTO has experienced a breakout-pullback-continuation pattern above the EMA20 level. The MACD Line remains above the zero level, while the RSI is above 50. Monitor for a short-term symmetrical triangle formation breakout above the RM2.09 level, targeting the RM2.20-RM2.33 levels after a mild pullback. Support will be pegged around the RM2.00 level.

CUSCAPI has experienced a short-term breakout above the RM0.29 level with improved volumes. The MACD Histogram has extended another green bar, but the RSI is slightly overbought. Price may trend higher, targeting the RM0.31-RM0.32 levels. Support will be set around the RM0.275 level.

Source: Mplus Research - 25 Sept 2017