Tracking the recovery on Wall Street overnight, the FBM KLCI registered mild gains as the key index closed higher to around the 1,655.67 level yesterday. The MACD Histogram has extended another green bar, but the RSI remains oversold. Resistance will be pegged around the 1,670-1,680 levels. Support will be set around the 1,640 level.

JHM has experienced a breakout above the RM1.28 resistance level with improved volumes. The MACD Histogram has extended another green bar, while the RSI recovered from oversold. Price may trend higher, targeting the RM1.37 and RM1.45 levels. Support will be located around the RM1.21 level.

AEMULUS has experienced a pennant formation breakout above the RM0.275 level with high volumes. The MACD Histogram has turned green, but the RSI is overbought. Price might stage a mild pullback, before targeting the RM0.325-RM0.345 levels. Support will be anchored around the RM0.25 level.

KRONO has rebounded to close 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 RM0.625 level, targeting the RM0.665-RM0.685 levels. Support will be pegged around the RM0.59 level.

Source: Mplus Research - 24 Jul 2019