After lingering in the negative territory for the entire day’s trading session, the FBM KLCI recorded its sixth consecutive session of decline, closing at around 1,765.59 pts yesterday. The MACD Line has tripped below the zero level, while the RSI remains below 50. Resistance will be pegged around the 1,780-1,790 levels. Support will be set around the 1,760 level.

SEM has experienced a consolidation breakout above the RM1.48 level accompanied by improved volumes. The MACD Histogram has turned green, but the RSI is overbought. Price may trend higher, targeting the RM1.61-RM1.75 levels. Support will be anchored around the RM1.44 level.

GRGAQRS has experienced a breakout-pullback-continuation pattern above the RM1.63 level. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may rally, targeting the RM1.74-RM1.82 levels. Support will be pegged around the RM1.63 level.

MASTER has experienced a flag-formation breakout above the RM0.67 level with high volumes. The MACD Histogram trended positively above the zero level, but the RSI is overbought. Price may trend higher, targeting the RM0.755-RM0.855 levels after a mild consolidation. Support will be set around the RM0.62 level.

Source: Mplus Research - 27 Sept 2017