Tracking the gains on the overnight Wall Street, the FBM KLCI rose on Friday and halted a streak of three sessions of losses, closing at the 1,822.67 pts. The MACD Histogram has extended another red bar, while the RSI remains overbought. Resistance will be pegged around the 1,830-1,850 levels. Support will be set around the 1,800 level.

WONG has rebounded to close above the EMA9 level with improved volumes The MACD Histogram has turned green, while the RSI is hovering above 50. Monitor for a resistance breakout above the RM1.25, RM1.42 and the RM1.50 levels. Support will be set around the RM1.12 level.

PRESBHD has staged a mild recovery following three sessions of decline. The MACD Indicator has expanded positively above zero. The RSI, however, is slightly overbought. Monitor for a potential flagformation breakout above the RM1.84 level, targeting the RM2.00-RM2.16 levels. Support will be anchored around the RM1.77 level.

KRETAM has experienced a flag-formation breakout above the RM0.60 level accompanied by high volumes. The MACD Histogram has turned green. The RSI, however, is slightly overbought. Price may trend higher, targeting the RM0.64-RM0.695 levels. Support will be pegged around the RM0.57 level.

Source: Mplus Research - 15 Jan 2018