FBMKLCI

Once again, the FBM KLCI is been supported around the 1,860 level. The MACD Line is hovering below zero, but the MACD Histogram has turned green. The RSI is sustaining above 50. The FBM KLCI may trade higher towards the resistance of the 1,880 level. Support will remain around the 1,850-1,860 levels

JAKS (4723)

DNEX (4456) – Weekly

DNEX has experienced an ascending triangle breakout above the RM0.33 level. The weekly MACD indicator has expanded positively above zero, while the weekly RSI is trending higher. Price may rally towards the RM0.44 and RM0.535 levels. Support will be located around the RM0.30 level

MUHIBAH (5703)

MUHIBAH has formed a breakout-pullback-continuation pattern above the RM3.00 level with high volumes. The MACD Histogram has turned green, while the RSI has crossed above 50. Price target will be located around the RM3.48 and RM4.00 levels. Support will be set around the RM3.00 level.

Source: MalaccaSecurities Research - 5 Sep 2014