The FBM KLCI trended lower for the third straight session as the key index closed at around the 1,635.31 level yesterday. The MACD Histogram has extended another red bar, while the RSI remains below 50. Resistance will be pegged around the 1,660-1,670 levels. Support will be set around the 1,610 level.

N2N has formed a bullish engulfing candle, snapping a seven-day losing streak to re-test the EMA20 level. The MACD Histogram has turned green, while the RSI is approaching 50. Price may extend its rebound after a minor pullback, targeting the RM1.03 and RM1.09 levels. Support will be set around the RM0.82 level.

BJASSET has formed a bullish engulfing candle to re-test the EMA20 level with high volumes. The MACD Histogram has turned green, but the RSI remains below 50. Monitor for a breakout above RM0.29, targeting the RM0.31-RM0.33 levels. Support will be anchored around the RM0.265 level.

CMMT has advanced to close above the EMA20 level with improved volumes. The MACD Histogram has turned green, but the RSI resting at 50. Monitor for a consolidation breakout above RM1.04, targeting the RM1.09-RM1.17 levels. Support will be pegged around the RM0.99 level.

Source: Mplus Research - 19 Dec 2018