The FBM KLCI gapped-down as the key index lingered mostly in the negative territory before closing lower to around the 1,668.94 level yesterday. The MACD Histogram has extended another red bar, while the RSI remains below 50. Resistance will be pegged around the 1,680-1,690 levels. Support will be set around the 1,650 level.

KKB has experienced a short-term consolidation breakout above the RM1.34 level with improved volumes. The MACD Histogram has extended another green bar, but the RSI is overbought. Price may advance, targeting the RM1.46 and RM1.50 levels. Support will be set around the RM1.23 level.

CCK has rebounded to close above the EMA60 level with mildly improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may trend higher, targeting the RM0.585- RM0.64 levels. Support will be anchored around the RM0.505 level.

INTA has experienced a trendline breakout above the RM0.29 level with high volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Price targets are envisaged at around the RM0.315-RM0.325 levels. Support will be pegged around the RM0.275 level.

Source: Mplus Research - 17 Jul 2019