The FBM KLCI halted a four-day winning streak as the key index closed at around the 1,721.42 level last Friday. The MACD Histogram has turned red, while the RSI is overbought. Resistances will be pegged around the 1,740-1,750 levels. Support will be set around the 1,710 level.

CCM has formed a bullish engulfing candle to breakout above the RM1.93 symmetrical triangle formation with improved volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may advance, targeting the RM2.03 and RM2.10 levels. Support will be set around the RM1.85 level.

REVENUE has experienced a trendline breakout above the RM1.29 level with improved volumes. The MACD Histogram has turned green, while the RSI is hovering slightly below the overbought level. Price may trend higher towards the RM1.39-RM1.44 levels. Support will be anchored around the RM1.22 level.

MEDIA has experienced a consolidation breakout above the RM0.425 level with high volumes. The MACD Histogram has turned green, but the RSI is slightly overbought. Price may advance, targeting the RM0.47-RM0.50 levels. Support will be pegged around the RM0.39 level.

Source: Mplus Research - 25 Feb 2019