The FBM KLCI registered its seventh consecutive session of gains, before closing at an intraday high at 1,737.28 pts yesterday. The MACD Histogram has extended another green bar, but the RSI is overbought. Resistance will be pegged around the 1,760-1,780 levels. Support will be set around the 1,710 level.

KRONO has experienced a symmetrical triangle formation breakout above the RM0.62 level with high volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price target will be envisaged around the RM0.69 and RM0.72 levels. Support will be set around the RM0.575 level.

BAUTO has rebounded off the EMA120 level. The MACD Histogram has extended another green bar, but the RSI remains below 50. Monitor for a breakout above RM2.30, targeting the RM2.47-RM2.60 levels. Support will be anchored around the RM2.18 level.

CCMDBIO has formed a bullish engulfing candle to close above the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI is approaching 50. Monitor for a breakout above the RM1.34 level, targeting the RM1.49-RM1.55 levels. Support will be pegged around the RM1.25 level.

Source: Mplus Research - 18 Jul 2018