The FBM KLCI formed a bullish harami candle, snapping a three-day losing streak as the key index closed higher to around the 1,658.19 level last Friday. The MACD Histogram has turned green, but the RSI remains below 50. Resistance will be pegged around the 1,670-1,680 levels. Support will be set around the 1,640 level.

IOIPG has advanced to close above the EMA120 level with mildly improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Monitor for a breakout above the RM1.42 level, targeting the RM1.53 and RM1.65 levels. Support will be located around the RM1.31 level.

MNRB has formed a flag-formation breakout above the RM1.13 level with mildly improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price may advance, targeting the RM1.20-RM1.27 levels. Support will be anchored around the RM1.07 level.

MYEG has rebounded above the EMA9 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above the RM1.60 level, targeting the RM1.70-RM1.75 levels. Support will be pegged around the RM1.50 level.

Source: Mplus Research - 22 Jul 2019