The FBM KLCI crept higher after hovering in the positive territory, as the key index closed at 1,721.25 pts last Friday. The MACD Histogram has extended another green bar, but the RSI has tripped below 50. Resistance will be pegged around the 1,730-1,750 levels. Support will be set around the 1,700 level.

KGB has experienced a symmetrical- triangle formation breakout above the RM0.77 level accompanied by improved volumes. The MACD Histogram has turned green, but the RSI is below 50. Price may rally, targeting the RM0.845-RM0.90 levels. Support will be set around the RM0.71 level.

HLT has experienced a breakout above the RM0.57 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Price may trend higher, targeting the RM0.645-RM0.70 levels after a minor pullback. Support will be anchored around the RM0.525 level.

INTA has gapped up to close above the EMA20 level with rising volumes. The MACD Histogram has extended another green bar, while the RSI is retesting 50. Monitor for a breakout above the RM0.35 level, targeting the RM0.39-RM0.405 levels. Support will be set around the RM0.33 level.

Source: Mplus Research - 11 Dec 2017