The FBM KLCI managed to close on a flattish note after recouping most of its intraday losses as the key index closed at around the 1,755.14 pts yesterday. The MACD Histogram has extended another green bar, but the RSI is oversold. Resistance will be pegged around the 1,770-1,780 levels. Support will be located around the 1,730 level.

COMFORT has experienced a symmetrical triangle formation breakout above the RM0.84 level with improved volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Price may advance, targeting the RM0.92 and RM1.00 levels after a minor pullback. Support will be set around the RM0.80 level.

MASTER has formed a bullish engulfing candle to close above the EMA9 level accompanied by rising volumes. The MACD Histogram has turned green, but the RSI has tripped below 50. Monitor for a breakout above RM0.67, targeting the RM0.73-RM0.76 levels. Support will be anchored around the RM0.615 level.

AEMULUS has experienced a trendline breakout above the RM0.35 level with high volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Price may trend higher, targeting the RM0.415-RM0.40 levels. Support will be pegged around the RM0.31 level.

Source: Mplus Research - 6 Jun 2018