FBMKLCI

The FBM KLCI ended marginally higher at 1,892.62 pts yesterday on a mild buying support. The MACD Histogram has turned green, while the RSI is hovering above 50. Resistance will be envisaged around the 1,900-1,920 levels. Support will be set around the 1,862-1,870 levels.

GPHAROS (5649)

GPHAROS has breached the resistance of the RM0.925 level, accompanied by improved volumes. The MACD Histogram is strengthening. The RSI, however, is below 50. Price may rally towards the target of the RM1.03-RM1.10 levels after a short consolidation. Support will be pegged around the RM0.80 level.

HIL (8443)

HIL has experienced a short term breakout above the RM0.71 level with improved volumes. The MACD Histogram has turned green, while the RSI is trending mildly higher above 50. Price may surge towards the price target of the RM0.78 level over the near term. Support will be located around the RM0.695 level.

WILLOW (0008)

WILLOW has experienced a breakout above the RM0.85 level after a three-day pullback. The MACD Line is above zero, while the RSI is hovering above 50 - suggesting that the momentum could be picking up. Price target will be pegged around the RM0.915 and RM1.00 levels. Support will be set around the RM0.82 level.

Source: MalccaSecurities Resesarch