FBMKLCI

The FBM KLCI succumbed to further profit taking activities after the key index traded near the resistance of the 1,880 level. The MACD Histogram has turned red, while the RSI has crossed below 50. The FBM KLCI could see further pullback towards the support around the 1,838-1,850 level.

COMCORP (7195)

COMCORP has experienced a breakout above the RM0.28 level with high volumes. The MACD indicator has issued a “Buy” signal. The RSI is indicating that the momentum is picking up. Price target will be envisaged around the RM0.32 and RM0.36 levels. Support will be located around the RM0.26 level.

KANGER (0170)

KANGER has surged higher with improved volumes after a three-day pullback. The MACD Histogram has turned green, while the RSI continues to trend higher above 50. Monitor for a breakout above the RM0.465 level, targeting the RM0.50 level. Support will be pegged around the RM0.45 level.

TFP (0145)

TFP has consolidated sideways around the RM0.22 level over the past two months. The MACD Histogram has turned green, while the RSI has hooked above the 50 level. Price may rally towards the RM0.255, RM0.30 and RM0.345 level. Support will be pegged around the RM0.235 level.

Source: MalaccaSecurities Research - 25 Aug 2014