FBMKLCI

The FBM KLCI trended higher after it has rebounded off the 1,860 level last week. The MACD Line has crossed above the zero level, while the RSI is hovering around 50. The FBM KLCI may extend its positive momentum towards the resistance of the 1,882-1,890 levels. Support will be pegged around the 1,850-1,860 levels.

EPMB (7773)

EPMB has successfully surged above the RM0.82 level with high volumes. The MACD indicator has expanded positively above zero, but the RSI is slightly overbought. Price may rally towards the RM0.90-RM1.00 levels after a mild consolidation. Support will be envisaged around the RM0.78 level

ELSOFT (0090)

ELSOFT has been consolidating sideways around the EMA20 level, accompanied by improved volumes. The MACD Histogram has turned green, while the RSI is approaching 50. Monitor for a breakout above the RM1.54 level, targeting the RM1.79 level. Support will be located around the RM1.44 level.

SYMLIFE (1538)

SYMLIFE has rebounded off the RM1.16 support level and ended above the EMA9 level. The MACD Line is hovering above zero, while the MACD Histogram has turned green. The RSI, however, is below 50. Price could inched higher towards the near term resistance of RM1.24, followed by the next target of the RM1.34 levels.

Source:MalaccaSecurities Research - 10 Sep 2014