The FBM KLCI formed the three white soldiers candle formation as the key index advanced for the third straight session to close at around the 1,675.43 level yesterday. The MACD Histogram has extended another green bar, but the RSI is overbought. Resistances will be pegged around the 1,690-1,670 levels. Support will be set around the 1,660 level.

HSSEB has formed a breakout-pullback-continuation pattern above the EMA9 level. The MACD Histogram has turned green, but the RSI is overbought. Monitor for a breakout above the RM1.15 level, targeting the RM1.23 and RM1.29 levels. Support will be located around the RM1.10 level.

CRESBLD has rebounded off the EMA20 level with mildly improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a trendline breakout above the RM1.10 level, targeting the RM1.17 and RM1.21 levels. Support will be anchored around the RM1.03 level.

KKB has gapped-up to extend its gains above the EMA9 level. The MACD Indicator has issued a BUY Signal, but the RSI is overbought. Monitor for a symmetrical triangle formation breakout above the RM1.32 level, targeting the RM1.39-RM1.46 levels. Support will be pegged around the RM1.25 level.

Source: Mplus Research - 21 Jun 2019