The FBM KLCI endured a choppy trading session before the eleventh hour buying support in selected index heavyweights shored the key index higher to close at around the 1,676.61 level yesterday. The MACD Line has expanded positively above the zero level, while the RSI remains above 50. Resistances will be pegged around the 1,690-1,700 levels. Support will be set around the 1,660 level.

AEON has formed a flag-formation breakout above the RM1.69 level with mildly improved volumes. The MACD Histogram has turned green, but the RSI is overbought. Price may advance, targeting the RM1.78 and RM1.89 levels. Support will be located around the RM1.64 level.

EWEIN has formed a breakout-pullback-continuation pattern above the EMA20 with mildly improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price targets are envisaged at around the RM0.74 and RM0.774 levels. Support will be anchored around the RM0.67 level.

HSSEB has gapped-up to recover all its previous session losses. The MACD histogram has turned green, while the RSI remains above 50. Monitor for a breakout above the RM1.18 level, targeting the RM1.29- RM1.38 levels. Support will be pegged around the RM1.09 level.

Source: Mplus Research - 26 Jun 2019