The FBM KLCI closed flat below the EMA9 level for the second consecutive day. The MACD Histogram has extended another red bar and the MACD Line is below the Signal Line. The RSI continues to stay below 50. The FBM KLCI may trend lower over the near term. The resistance will be envisaged around the 1,730 level. Support will be located near the 1,700 level.

AWC has experienced a strong consolidation breakout above the RM0.455 level accompanied by high volumes. The MACD Indicator has issued a “Buy” signal. The RSI has hooked above 50. Monitor for the followthrough buying interest over the near term. Price target will be located around the RM0.52 and RM0.575 levels. Support will be set around the RM0.44 level.

KPS trended sideways over the past three weeks between the RM1.05-RM1.11 levels. The MACD Indicator has issued a “Buy” signal, while the RSI has crossed above 50. Monitor for a breakout above the RM1.11 level, targeting the RM1.24 and RM1.35 levels. Support will be pegged around the RM1.05 level.

TNLOGIS experienced a consolidation breakout above the RM1.26 level with improved volumes. The MACD Indicator has issued a “Buy” signal above zero, while the RSI has surged above 50. Price may rally towards the target of the RM1.34 and RM1.43 levels. Support will be noted around the RM1.22 level.

Source: M+ Online Research - 13 Apr 2016