The FBM KLCI ended marginally lower after recouping most of its intraday losses as the key index closed at 1,759.99 pts yesterday. The MACD Histogram has extended another red bar, while the RSI remains above 50. Resistance will be pegged around the 1,770-1,790 levels. Support will be set around the 1,730 level.

INSAS has closed above the RM0.955 level with improved volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Monitor for a trendline breakout above the RM0.955 level, targeting the RM0.99-RM1.02 levels. Support will be set around the RM0.925 level.

MLGLOBAL has rebounded to close above the EMA20 level. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Price may trend higher, targeting the RM1.75-RM1.80 levels. Support will be anchored around the RM1.70 level.

GCB has experienced a breakout-pullback-continuation pattern above the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI is above 50. Monitor for a breakout above the RM2.10 level, targeting the RM2.30-RM2.40 levels. Support will be set around the RM1.98 level.

Source: Mplus Research - 27 Dec 2017