The FBM KLCI solidify its position above the 1,800 psychological level after hovering in the positive territory as the key index closed at its intraday high of 1,817.97 pts last Friday. The MACD Histogram has extended another green bar, but the RSI is overbought. Resistance will be pegged around the 1,830- 1,850 levels. Support will be set around the 1,800 level.

KIMLUN has formed a bullish engulfing candle and breached above the RM2.30 resistance level with improved volumes. The MACD Indicator has issued a BUY signal, while the RSI has risen above 50. Price may trend higher, targeting the RM2.43-RM2.50 levels. Support will be anchored around the RM2.20 level.

MHB has experienced a symmetrical triangle formation breakout above the RM0.835 level with high volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Price may rally, targeting the RM0.93-RM0.98 levels. Support will be set around the RM0.795 level.

Source: Mplus Research - 8 Jan 2018