The FBM KLCI staged a mild rebound, forming a doji candle on the EMA20 level as the key index closed higher to around the 1,675.83 level yesterday. The MACD Histogram has extended another red bar, while the RSI remains above 50. Resistance will be pegged around the 1,700-1,710 levels. Support will be set around the 1,660 level.

SCGM has experienced a breakout above the EMA20 level with rising volumes. The MACD Histogram has extended another green bar, while the RSI is re-testing 50. Price may advance, targeting the RM1.30 and RM1.46 levels. Support will be set around the RM1.10 level.

LCTITAN has experienced a breakout above the RM4.66 level. The MACD Histogram has turned green, but the RSI is overbought. Price may trend higher, targeting the RM4.82-RM4.97 levels. Support will be anchored around the RM4.55 level.

SUNWAY has experienced a flag-formation breakout above the RM1.47 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may head higher, targeting the RM1.53-RM1.59 levels. Support will be pegged around the RM1.43 level.

Source: Mplus Research - 4 Jan 2019