The FBM KLCI was downbeat after lingering mostly in the negative territory as the key index closed lower to around the 1,669.45 level last Friday. The MACD Histogram has extended another red bar, while the RSI remain below 50. Resistance will be pegged around the 1,680-1,700 levels. Support will be set around the 1,650 level.

CJCEN has gapped-up to re-test the RM0.43 resistance level with improved volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Monitor for a breakout above the RM0.43 level, targeting the RM0.465 and RM0.485 levels. Support will be set around the RM0.41 level.

EVERGRN has formed a bullish candle above the EMA9 level with mildly improved volumes. The MACD Histogram has turned green, while the RSI remain above 50. Price may trend higher, targeting the RM0.34-RM0.36 levels. Support will be anchored around the RM0.31 level.

MALAKOF has gapped-up to close above the EMA120 level with mildly improved volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Monitor for a breakout above the RM0.88 level, targeting the RM0.93-RM0.96 levels. Support will be located around the RM0.845 level.

Source: Mplus Research - 15 Jul 2019