The FBM KLCI managed to inch higher, despite trimming most of its intraday gains as the key index advanced for the third straight session, closing at the 1,804.95 level yesterday. The MACD Histogram has turned red, while the RSI remains overbought. Resistance will be pegged around the 1,820-1,830 levels. Support will be set around the 1,790 level.

DSONIC has formed a bullish engulfing candle to close above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may trend higher, targeting the RM0.90 and RM0. levels. Support will be set around the RM0.76 level.

N2N has rebounded to close above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Monitor for a breakout above RM1.30, targeting the RM1.37-RM1.40 levels. Support will be anchored around the RM1.24 level.

SAMCHEM has experienced a consolidation breakout above the RM1.00 level with rising volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may advance, targeting the RM1.05-RM1.10 levels. Support will be pegged around the RM0.97 level.

Source: Mplus Research - 10 Aug 2018