The FBM KLCI experienced a choppy trading session before chalking in minor gains as the key index closed at around the 1,692.68 level last Friday. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Resistance will be pegged around the 1,710-1,730 levels. Support will be set around the 1,670 level.

WIDAD has advanced to close above the EMA9 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI recovered from oversold. Monitor for a breakout above RM3.77, targeting the RM4.07 and RM4.28 levels. Support will be set around the RM3.56 level.

SPSETIA has experienced a short-term symmetrical triangle formation breakout above the RM2.41 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may trend higher, targeting the RM2.62-RM2.82 levels. Support will be anchored around the RM2.28 level.

CMMT has experienced a consolidation breakout above the RM1.03 level with high volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may advance, targeting the RM1.09-RM1.17 levels. Support will be pegged around the RM0.99 level.

Source: Mplus Research - 31 Dec 2018