The FBM KLCI remained downbeat for the third straight session as the key index closed lower to around the 1,648.93 level yesterday. The MACD Histogram has extended another red bar, while the RSI remains below 50. Resistance will be pegged around the 1,660-1,670 levels. Support will be set around the 1,630 level.

HSSEB has rebounded above the EMA20 level. The MACD Histogram has extended another red bar, but the RSI remains above 50. Monitor for a breakout above the RM1.19 level, targeting the RM1.25-RM1.29 levels. Support will be set around the RM1.13 level.

KUB has experienced a short-term consolidation breakout above the RM0.375 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may advance, targeting the RM0.405-RM0.435 levels. Support will be anchored around the RM0.375 level.

VIZIONE has formed a bullish candle to close above the EMA120 level. The MACD Histogram has turned green, while the RSI is approaching 50. Monitor for a breakout above the RM1.00 level, targeting the RM1.04-RM1.09 levels. Support will be located around the RM0.965 level.

Source: Mplus Research - 19 Jul 2019