The eleventh hour buying support on selected index heavyweight sent the FBM KLCI higher for the fifth straight session as the key index closed at 1,769.14 level last Friday. The MACD Histogram has extended another red bar, while the RSI remains overbought. Resistance will be pegged around the 1,780-1,790 levels. Support will be set around the 1,750 level.

ENGTEX has experienced a breakout-pullback-continuation pattern above the EMA20 level. The MACD Histogram has turned green, but the RSI is overbought. Price may trend higher, targeting the RM1.18 and RM1.24 levels. Support will be set around the RM1.07 level.

EDEN has experienced a flag-formation breakout above RM0.315 level with improved volumes. The MACD Histogram has turned green, while the RSI is treading marginally below the overbought level. Price may head towards the RM0.35-RM0.40 levels. Support will be anchored around the RM0.29 level.

AEON has experienced a breakout above the RM2.33 symmetrical triangle formation with improved volumes. The MACD Line has risen above the zero level, but the RSI is overbought. Price may advance, targeting the RM2.50-RM2.65 levels. Support will be pegged around the RM2.24 level.

Source: Mplus Research - 30 Jul 2018