The FBM KLCI trended higher for the third straight session after enduring a volatile trading session as the key index closed at around the 1,690.65 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 1,670 level.

FPI has advanced to close above the EMA9 level with slightly improved volumes. The MACD Histogram has extended another green bar, but the RSI remains below 50. Monitor for a trendline breakout above RM1.33, targeting the RM1.43 and RM1.51 levels. Support will be set around the RM1.28 level.

GCB has formed a bullish candle to close above the EMA9 level. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Price may trend higher, targeting the RM1.74- RM1.85 levels. Support will be anchored around the RM1.64 level.

CAELY has formed a bullish engulfing candle to close above the EMA60 level with improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Price may advance, targeting the RM0.91-RM0.98 levels. Support will be pegged around the RM0.74 level.

Source: Mplus Research - 6 Jul 2018