The FBM KLCI extended its gains in tandem with the positive momentum across the ASEAN region stockmarkets as the key index closed at around the 1,691.00 level yesterday. The MACD Histogram has extended another green bar, but the RSI is overbought. Resistances will be pegged around the 1,700- 1,720 levels. Support will be set around the 1,680 level.

CRESBLD has experienced a symmetrical triangle formation breakout above the RM1.09 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may advance, targeting the RM1.17 and RM1.21 levels. Support will be located around the RM1.06 level.

MRCB has advanced above the EMA9 level with high volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Monitor for a breakout above the RM0.99 level, targeting the RM1.07 and RM1.15 levels. Support will be anchored around the RM0.94 level.

MYNEWS has formed a bullish harami candle to re-test the EMA120 level with mildly improved volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Monitor for a breakout above the RM1.40 level, targeting the RM1.53-RM1.60 levels. Support will be pegged around the RM1.32 level.

Source: Mplus Research - 3 Jul 2019