The FBM KLCI inched lower yesterday, led by FGV and CIMB. The MACD Line has crossed below zero, while the RSI is also below 50. With the negative momentum picking up, the key index may continue the downward trend towards the 1,800 level. Meanwhile, resistances will be pegged around the 1,840-1,860 levels.
JASKITA has experienced a consolidation breakout above the RM0.205 level accompanied by strong volumes. The MACD indicator has expanded positively above zero, but the RSI is slightly overbought. Price may rally towards the RM0.285 level after a short consolidation. Support will be set around the RM0.19 level.
Following the three-day pullback, TA has rebounded off the RM0.845 level with improved volumes. The MACD Histogram has turned green, while the RSI is hovering above 50. Monitor for a breakout above the RM0.875 level, targeting the RM0.925-RM0.975 levels. Support will be set around the RM0.845 level.
TEKSENG consolidated between the RM0.805-RM0.855 levels over the past one month. The MACD Line is holding above zero, while the MACD Histogram extended another green bar. Monitor for a breakout above the RM0.855 level, targeting the RM1.00 level. Support will be pegged around the RM0.805 level.
Source: M+ Online Research - 14 Nov 2014
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special
that is error for the pic for OKA.....
2014-11-14 20:13