The FBM KLCI edged lower after recovering most of its intraday losses as the key index closed at around the 1,680.37 level yesterday. 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 1,660 level.

BAHVEST has gapped-up to close above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is re-testing 50. Monitor for a symmetrical triangle formation breakout above RM1.21, targeting the RM1.29 and RM1.39 levels. Support will be set around the RM1.14 level.

AEMULUS has breached above the RM0.415 resistance level accompanied by high volumes. The MACD Indicator has issued a BUY Signal, but the RSI is overbought. Price may trend higher, targeting the RM0.455-RM0.485 levels after a minor pullback. Support will be anchored around the RM0.385 level.

MEDIA has experienced a short-term trendline breakout above the RM0.50 level with improved volumes. The MACD Histogram has extended another green bar, but the RSI has tripped below 50. Price may advance, targeting the RM0.565-RM0.61 levels. Support will be pegged around the RM0.475 level.

Source: Mplus Research - 4 Jul 2018