The FBM KLCI inched higher to end the week on a positive note as the key index close at 1,568.44 level last Friday. The MACD Histogram has extended another green bar, but the RSI is hovering below 30. Resistance will be pegged around the 1,580-1,600 levels. Support will be set around the 1,550 level.

GHLSYS has gapped up to re-test the EMA60 level with mild volumes The MACD Histogram has extended another green bar, while the RSI is approaching 50. Monitor for a breakout above the RM1.38 level, targeting the RM1.48 and RM1.55 levels. Support will be set around the RM1.32 level.

SKPRES has experienced a symmetrical triangle formation breakout above the RM1.26 level with mildly improved volumes. The MACD Indicator issued a BUY Signal, while the RSI has risen above 50. Price may rally towards the RM1.35-RM1.44 levels after a short consolidation. Support will be anchored around the RM1.19 level.

SERNKOU has gapped up to close above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may trend higher, targeting the RM0.94-RM0.98 levels. Support will be pegged around the RM0.80 level.

Source: Mplus Research - 9 Dec 2019