The FBM KLCI edged lower for the fourth straight session after hovering mostly in the negative territory as the key index closed at the 1,812.76 level yesterday. The MACD Histogram has extended another red bar, while the RSI remains above 50. Resistance will be pegged around the 1,830-1,840 levels. Support will be set around the 1,800 level.

KGB has formed a breakout-pullback-continuation pattern above the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may advance, targeting the RM0.905 and RM0.84 levels. Support will be set around the RM0.83 level.

D&O has formed a bullish harami candle to rebound above the EMA60 level. The MACD Histogram has turned green, while the RSI has risen above 50. Monitor for a short-term channel formation breakout above RM0.74, targeting the RM0.785-RM0.80 levels. Support will be pegged around the RM0.685 level.

HSSEB formed a breakout-pullback-continuation pattern above the EMA60 level with rising volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Price may trend higher, targeting the RM1.06-RM1.15 levels. Support is set around the RM0.875 level.

Source: Mplus Research - 5 Sept 2018