Window dressing activities allowed the FBM KLCI to halt a four-day losing streak as the key index closed higher at around the 1,691.50 level last Friday. The MACD Histogram has extended another green bar, but the RSI remains oversold. Resistance will be pegged around the 1,700-1,710 levels. Support will be set around the 1,670 level.

PWROOT has formed a bullish engulfing candle to close above the EMA9 level. The MACD Histogram has turned green, but the RSI is slightly oversold. Monitor for a breakout above RM1.79, targeting the RM1.90 and RM2.03 levels. Support will be set around the RM1.70 level.

AEON has rebounded to retest the EMA9 level. The MACD Histogram has turned green, while the RSI looks to recover from the oversold level. Monitor for a trendline breakout above RM2.32, targeting the RM2.50-RM2.65 levels. Support will be anchored around the RM2.22 level.

IGBREIT has experienced a breakout above the RM1.70 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may rally, targeting the RM1.80-RM1.85 levels after a minor pullback. Support will be pegged around the RM1.61 level.

Source: Mplus Research - 2 Jul 2018