The FBM KLCI bucked the positive performance on Wall Street overnight as the key index extended its losses for the third straight session to close at around 1,754.00 pts yesterday. The MACD Histogram has extended another red bar, while the RSI is oversold. Resistance will be pegged around the 1,770- 1,790 levels. Support will be set around the 1,750 level

GOB has experienced a breakout-pullback-continuation pattern above the RM0.385 level accompanied by high volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may rally, targeting the RM0.43 and RM0.445 levels after a minor pullback. Support will be set around the RM0.385 level.

KPS has rebounded off the EMA120 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI remains below 50. Monitor for a breakout above the RM1.42 level, targeting the RM1.53-RM1.58 levels. Support will be anchored around the RM1.35 level.

KSL has experienced a trendline breakout above the RM1.28 level with improved volumes . The MACD Histogram has turned green, while the RSI remains above 50. Price may rally, targeting the RM1.33- RM1.38 levels. Support will be pegged around the RM1.25 level.

Source: Mplus Research - 13 Oct 2017