The FBM KLCI closed lower, extending its losses ahead of the long weekend break as the key index closed at the 1,819.66 level last Thursday. The MACD Histogram has turned red, while the RSI remains above 50. Resistance will be pegged around the 1,840-1,860 levels. Support will be set around the 1,800 level.

CUSCAPI has rebounded to close above the EMA9 level with improved volumes. The MACD Histogram has turned green, while the RSI has recovered from the oversold position. Monitor for a symmetrical triangle formation breakout above RM0.30, targeting the RM0.345 and RM0.38 levels. Support will be set around the RM0.265 level.

KIPREIT has gapped-up after finding support above the EMA20 level accompanied by rising volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Monitor for a consolidation breakout above RM0.87, targeting the RM0.92-RM0.95 levels. Support will be pegged around the RM0.825 level.

MUHIBAH has formed a bullish candle to close above the EMA9 level with slightly improved volumes. The MACD Histogram has turned green, while the RSI is resting at 50. Monitor for a symmetrical triangle formation breakout above RM3.15, targeting the RM3.29-RM3.36 levels. Support is set around the RM3.02 level.

Source: Mplus Research - 3 Sept 2018