FBMKLCI

The FBM KLCI has rebounded off the 1,860 level two trading days ago. The MACD Line is pointing upwards, while the MACD Histogram has turned green. The RSI, however, is overbought. Resistance will be located around the 1,880-1,890 levels. Support will be pegged around the 1,850-1,860 levels.

SIGN (7246)

SIGN has surged above the RM1.75 level with slight improvements in volumes. The MACD Line and MACD Histogram are flattish. The RSI is located above 70; indicating that the price could be overbought. Price could rally to the RM1.83-RM2.00 levels after a mild consolidation. Support will be set around RM1.69.

YFG (7122) – Weekly

YFG has experienced a sideways consolidation breakout above the RM0.135 level with high volumes. The MACD indicator has flashed a “Buy” signal, while the RSI has crossed above the 50 level. Price may rally towards the RM0.15-RM0.18 levels. Support will be set below the RM0.125 level.

HHHCORP (0160)

HHHCORP has experienced a trendline breakout above the RM0.195 level on the back of improved volumes. The MACD indicator has flashed a “Buy” signal, while the RSI is trending higher. Price may rally towards the RM0.245 and RM0.32 levels over the near term. Support will be pegged around the RM0.165 level.

Source: MalaccaSecurities Research - 29 Aug 2014