The FBM KLCI recorded its fourth consecutive session of decline as the key index closed at around the 1,680.54 level last Friday. The MACD Histogram has extended another red bar, while the RSI remains below 50. Resistance will be pegged around the 1,700-1,710 levels. Support will be set around the 1,660 level.

PTRANS has gapped-up to close above the EMA60 level with high volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Monitor for a breakout above RM0.275, targeting the RM0.305 and RM0.315 levels. Support will be set around the RM0.25 level.

KPJ has experienced a short-term channel formation breakout above the RM1.08 level with improved volumes. The MACD Histogram has turned green, while the RSI is approaching 50. Price may trend higher, targeting the RM1.17-RM1.20 levels. Support will be anchored around the RM1.02 level.

MAGNUM has extended its gains to close above the EMA9 level. The MACD Histogram has turned green, but the RSI resting at 50. Monitor for a trendline breakout above RM2.00, targeting the RM2.17-RM2.25 levels. Support will be pegged around the RM1.91 level.

Source: Mplus Research - 10 Dec 2018