The FBM KLCI traded in a volatile manner before swinging into the negative territory as the key index closed lower to around the 1,598.32 level last Friday. The MACD Line remains below the zero level, while the RSI remains below 50. Resistances will be pegged around the 1,620-1,630 levels. Support will be set around the 1,580 level.

INARI has formed a bullish candle, recovering all its previous session losses on mildly improved volume. The MACD Histogram has turned green, while the RSI has recovered from the oversold level. Monitor for a breakout above the RM1.41 level, targeting the RM1.58 and RM1.68 levels. Support will be located around the RM1.22 level.

CCK has formed a bullish engulfing candle to re-test the EMA120 level with rising volumes. The MACD Histogram has turned green, while the RSI is approaching 50. Price may advance, targeting the RM0.665 and RM0.69 levels. Support will be anchored around the RM0.56 level.

HEVEA has gapped up to re-test the EMA120 level with improved volumes. The MACD Histogram has turned green, while the RSI is approaching 50. Monitor for a short-term trendline breakout above the RM0.695 level, targeting the RM0.73-RM0.75 levels. Support will be pegged around the RM0.67 level.

Source: Mplus Research - 27 May 2019