Tracking the weakness on Wall Street overnight, FBM KLCI halted a four-day winning streak, closing at the 1,808.59 level last Friday. The MACD Histogram has extended another green bar, while the RSI remains above 50. Resistance will be pegged around the 1,830-1,850 levels. Support will be set around the 1,790 level.

DAYANG has gapped-up to close above the EMA9 level with slightly improved volumes. The MACD Histogram has turned green, but the RSI is slightly overbought. Monitor for a breakout above RM0.78, targeting the RM0.85 and RM0.92 levels. Support will be set around the RM0.72 level.

SERNKOU has formed a doji candle to close above the EMA20 level with improved volumes. The MACD Histogram has turned green, but the RSI remains below 50. Monitor for a consolidation breakout above RM0.64 targeting the RM0.69-RM0.715 levels. Support will be pegged around the RM0.59 level.

HEXZA has gapped-up to close above the EMA120 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above RM0.72, targeting the RM0.77-RM0.80 levels. Support is set around the RM0.675 level.

Source: Mplus Research - 27 Aug 2018