The FBM KLCI ended lower for the third straight session as the key index closed at its intraday low of 1,841.83 pts last Friday. The MACD Histogram has extended another red bar, while the RSI remains below 50. Resistance will be pegged around the 1,860-1,870 levels. Support will be set around the 1,820 level.

SUNCON has experienced a trendline breakout above the RM2.26 level with high volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may advance, targeting the RM2.43 and RM2.64 levels. Support will be set around the RM2.12 level.

MUHIBAH rose above the EMA60 level with high volumes. The MACD Line has crossed above the zero level, while the RSI has risen above 50. Monitor for a consolidation breakout above the RM2.99 level, targeting the RM3.19-RM3.35 levels. Support will be anchored around the RM2.84 level.

MISC has extended its gains to close above the EMA60 level accompanied by rising volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Monitor for a symmetrical triangle formation breakout above the RM7.17 level, targeting the RM7.38-RM7.64 levels. Support will be pegged around the RM6.93 level.

Source: Mplus Research - 7 May 2018