The intensified selling pressure sent the FBM KLCI to gap down and subsequently lingers in the negative territory before closing at 1,736.95 pts yesterday. The MACD Histogram has turned red, while the RSI remains above 50. Resistance will be pegged around the 1,750-1,760 levels. Support will be set around the 1,730 level.

GHLSYS has experienced a consolidation breakout above the RM1.41 level as price closed above the EMA20 level. The MACD Histogram has extended another green bar, but the RSI is below 50. Price may trend higher, targeting the RM1.59-RM1.68 levels. Support will be set around the RM1.28 level.

UNISEM has formed a bullish engulfing candle to close above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Monitor for a breakout above RM3.52, targeting the RM3.79-RM4.05 levels. Support will be anchored around the RM3.30 level.

OCNCASH has formed a bullish engulfing candle to recoup all its previous session losses. The MACD Indicator has issued a BUY signal, while the RSI remains above 50. Monitor for a breakout above RM0.72, targeting the RM0.785-RM0.84 levels. Support will be set around the RM0.685 level.

Source: Mplus Research - 20 Dec 2017