The FBM KLCI retreated for the third straight session as the key index closed at around the 1,682.53 level last Friday. The MACD Histogram has extended another red bar, while the RSI is overbought. Resistances will be pegged around the 1,700-1,710 levels. Support will be set around the 1,660 level.

ORION has formed a bullish candle to close above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is re-testing 50. Monitor for a trendline breakout above the RM0.15 level, targeting the RM0.175 and RM0.20 levels. Support will be located around the RM0.13 level.

MALTON has rebounded off the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a consolidation breakout above the RM0.59 level, targeting the RM0.63-RM0.655 levels. Support will be anchored around the RM0.56 level.

EWEIN has experienced a symmetrical triangle formation breakout above the RM0.70 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may advance, targeting the RM0.74-RM0.775 levels. Support will be pegged around the RM0.67 level.

Source: Mplus Research - 8 Jul 2019