Profit taking activities emerged on the FBM KLCI as the key index halted a six-day winning streak, closing lower at 1,868.47 pts last Friday. The MACD Histogram has extended another green bar, while the RSI is above 50. Resistance will be pegged around the 1,880-1,890 levels. Support will be set around the 1,850 level.

GHLSYS has rebounded above the EMA20 level accompanied by minor improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may advance, targeting the RM1.39 and RM1.60 levels. Support will be set around the RM1.23 level.

LEESK has experienced a trendline breakout above the RM0.65 level with high volumes. The MACD Indicator has issued a BUY Signal, while the RSI is above 50. Price may trend higher, targeting the RM0.735-RM0.78 levels. Support will be anchored around the RM0.60 level.

NOTION has experienced a short-term consolidation breakout above the RM0.61 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may rally, targeting the RM0.695-RM0.745 levels. Support will be pegged around the RM0.55 level.

Source: Mplus Research - 16 Apr 2018