Tracking the weakness on Wall Street overnight, the FBM KLCI head lower for the fourth straight session as the key index closed at around the 1,672.70 level yesterday. The MACD Histogram has extended another red bar, but 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.

INARI has formed a flag-formation breakout above the RM1.57 level with rising volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may advance, targeting the RM1.69 and RM1.77 levels. Support will be located around the RM1.49 level.

GKENT has formed a bullish engulfing candle to close above the EMA20. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a trendline breakout above the RM1.14 level, targeting the RM1.19 and RM1.27 levels. Support will be anchored around the RM1.08 level.

HIBISCS has rebounded to close above the EMA60 level. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above the RM1.08 level, targeting the RM1.20-RM1.24 levels. Support will be pegged around the RM1.01 level.

Source: Mplus Research - 28 Jun 2019