The FBM KLCI snapped a six-day winning streak ahead of the Hari Raya festive break as the key index closed at around the 1,644.09 level on Tuesday. The MACD Histogram has turned red, while the RSI has retreated from the oversold level. Resistances will be pegged around the 1,660-1,670 levels. Support will be set around the 1,630 level.

IJM has gapped-up to recover all its previous session’s losses. The MACD Histogram has extended another green bar, while the RSI remains above 50. Monitor for a potential flag-formation breakout above the RM2.18 level, targeting the RM2.37 and RM2.54 levels. Support will be located around the RM2.05 level.

LIIHEN has experienced a breakout-pullback-continuation pattern above the EMA9 level. The MACD Line has expanded positively above the zero level, but the RSI is overbought. Price may advance, targeting the RM3.03-RM3.16 levels. Support will be pegged around the RM2.85 level.

BAUTO has rebounded to close above the EMA20 level. The MACD Line has risen above the zero level, while the RSI has risen above 50. Monitor for a breakout above the RM2.42 level, targeting the RM2.63 and RM2.72 levels. Support will be anchored around the RM2.23 level.

Source: Mplus Research - 7 Jun 2019