The strong buying support from foreign funds continues to push the FBM KLCI higher as the key index closed at 1,759.00 pts yesterday. The MACD Histogram has extended another green bar, but the RSI is slightly overbought. Resistance will be pegged around the 1,760-1,770 levels. Support will be set around the 1,730 level.

OKA has gapped up and closed above the EMA20 level accompanied by improved volumes. The MACD Histogram has extended another green bar, while the RSI is re-testing 50. Monitor for a breakout above RM1.61, targeting the RM1.71-RM1.85 levels. Support will be set around the RM1.54 level.

WONG has experienced a breakout above the RM1.15 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may trend higher, targeting the RM1.23-RM1.30 levels. Support will be anchored around the RM1.10 level.

SIGGAS has formed a breakout-pullback-continuation pattern above the EMA60 level with rising volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may rally, targeting the RM1.12-RM1.23 levels. Support will be set around the RM1.00 level.

Source: Mplus Research - 15 Dec 2017