The FBM KLCI advanced to close above the EMA60 level as the key index closed at around the 1,650.76 level last Friday. The MACD Histogram has extended another green bar, while the RSI remains below 50. Resistances will be pegged around the 1,670-1,690 levels. Support will be set around the 1,630 level.

GADANG has experienced a symmetrical triangle formation breakout above the RM0.845 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may trend higher, targeting the RM0.92 and RM0.96 levels. Support will be located around the RM0.79 level.

SIGGAS has rebounded off the EMA9 level accompanied by rising volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Monitor for a breakout above the RM0.90 level, targeting the RM0.945 and RM0.995 levels. Support will be anchored around the RM0.87 level.

WCEHB has experienced a breakout above the RM0.545 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may stage a mild pullback before targeting the RM0.61-RM0.665 levels. Support will be pegged around the RM0.505 level.

Source: Mplus Research - 4 Jun 2019