The FBM KLCI remain pressured for the sixth straight session as the key index closed lower to around the 1,685.62 level yesterday. The MACD Histogram has extended another red bar, while the RSI is approaching 50. Resistance will be pegged around the 1,700-1,710 levels. Support will be set around the 1,660 level.

IHH has experienced a consolidation breakout above the RM5.80 level with mildly improved volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price target will be envisaged around the RM6.13 and RM6.42 levels. Support will be set around the RM5.50 level.

MMCCORP has experienced a pennant formation breakout above the RM1.12 level with high volumes. The MACD Histogram has turned green, but the RSI is overbought. Price may advance towards the RM1.33-RM1.45 levels. Supp

FRONTKN has rebounded to close above the EMA9 level with rising volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may trend higher, targeting the RM0.985-RM1.05 levels. Support will be pegged around the RM0.915 level.

Source: Mplus Research - 6 Mar 2019