The FBM KLCI extended its losses for the fifth straight session as the key index closed at around the 1,672.13 level last Friday. 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.

SKPRES has advanced to close above the EMA20 with mildly improved volumes. The MACD Histogram has extended another green bar, while the RSI is re-testing 50. Monitor for a breakout above the RM1.35 level, targeting the RM1.44 and RM1.57 levels. Support will be located around the RM1.26 level.

IOIPG has experienced a short-term consolidation breakout above the RM1.35 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price targets are envisaged at around the RM1.47 and RM1.55 levels. Support will be anchored around the RM1.28 level.

After finding some support above the EMA20 level, WCT has recovered to maintain its position above the EMA9 level. The MACD Histogram has extended another red bar, but the RSI remains above 50. Monitor for a breakout above the RM1.07 level, targeting the RM1.16-RM1.23 levels. Support will be pegged around the RM1.00 level.

Source: Mplus Research - 1 Jul 2019