The FBM KLCI marched higher to trim its weekly losses as the key index closed at around the 1,756.38 pts last Friday. The MACD Histogram has turned green, while the RSI remains below 50. Resistance will be pegged around the 1,770-1,780 levels. Support will be located around the 1,730 level.

MEDIA has experienced a breakout above the RM0.405 level accompanied by high volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may advance, targeting the RM0.445 and RM0.485 levels. Support will be set around the RM0.37 level.

INSAS has extended its gains to close above the EMA120 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a consolidation breakout above RM0.89, targeting the RM0.94-RM1.00 levels. Support will be anchored around the RM0.835 level.

POS has formed a formed a bullish candle to close above the EMA20 level. The MACD Histogram has turned green, while the RSI has risen above 50. Monitor for a breakout above RM3.80, targeting the RM4.17-RM4.45 levels. Support will be pegged around the RM3.46 level.

Source: Mplus Research - 4 Jun 2018