FBM KLCI - Daily

The FBM KLCI extended its losses, falling below the 1,800 psychological level as the key index closed at the 1,794.47 yesterday. The MACD Histogram has extended another red bar, while the RSI remains below 50. Resistance will be pegged around the 1,810-1,830 levels. Support will be set around the 1,780 level.

CCK - (7035)

CCK has formed a bullish engulfing candle to close above the EMA20 level with improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI remains above 50. Monitor for a breakout above RM0.87, targeting the RM0.935-RM0.97 levels. Support will be located around the RM0.815 level.

VS - (6963)

VS has experienced a consolidation breakout above the RM1.61 level with high volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may trend higher, targeting the RM1.73 and RM1.87 levels. Support will be anchored around the RM1.50 level.

KRONO - (0176)

KRONO has formed a bullish engulfing candle to close above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, but the RSI remains below 50. Monitor for a symmetrical triangle formation breakout above RM0.72, targeting the RM0.805-RM0.86 levels. Support will be pegged around the RM0.65 level.

Source: Mplus Research - 26 Sept 2018