The FBM KLCI recorded its fourth consecutive losing session after reversing all its intraday gains, closing around the 1,665.68 level yesterday. The MACD Histogram has turned green, but the RSI remains oversold. Resistance will be pegged around the 1,680-1,700 levels. Support will be set around the 1,650 level.

YONGTAI has formed a bullish candle to close above the EMA120 level with rising volumes. The MACD Indicator has issued a BUY Signal, but the RSI remains below 50. Price may advance, targeting the RM1.52 and RM1.59 levels. Support will be set around the RM1.37 level.

DSONIC has rebounded to close above the EMA60 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above RM0.985, targeting the RM1.04-RM1.13 levels. Support will be anchored around the RM0.92 level.

TUNEPRO has experienced a breakout-pullback-continuation pattern above the RM0.89 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may rally, targeting the RM0.965-RM1.04 levels. Support will be pegged around the RM0.85 level.

Source: Mplus Research - 29 Jun 2018