The FBM KLCI was hammered below the 1,700 psychological level as the key index closed lower for the ninth straight session to around 1,692.32 pts yesterday. The MACD Histogram has extended another red bar, while the RSI remains below 50. Resistance will be pegged around the 1,700-1,720 levels. Support will be located around the 1,660 level.

GHLSYS has gapped-up to extend its gains above the EMA9 level accompanied by rising volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above RM1.57, targeting the RM1.68 and RM1.75 levels. Support will be set around the RM1.50 level.

YTLREIT has rebounded to close above the EMA9 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a short-term consolidation breakout above RM1.18, targeting the RM1.24-RM1.28 levels. Support will be anchored around the RM1.15 level.

TALIWRK has gapped-up to close above the EMA20 level with improved volumes. The MACD Indicator has issued a BUY signal, while the RSI has risen above 50. Price may trend higher, targeting the RM0.895-RM0.935 levels. Support will be pegged around the RM0.755 level.

Source: Mplus Research - 22 Jun 2018