FBMKLCI

The  FBM  KLCI  trended  lower  and  retested  the  support  of  the 1,838  level.  Once  again,  the  MACD  Histogram  has  turned  red, while  the  RSI  continues  to  stay  within  the  oversold  region. Support  will remain around the  1,800-1,838 levels. Resistance  will be pegged around the 1,850-1,880 levels.

SYCAL (9717)

SYCAL extended  its  upward thrust  with  high volumes after  the  flag formation breakout  on  Monday.  The  MACD  indicator  has  expanded positively  above  zero.  The  RSI  is  hovering  above  50.  If  the  price surges  above  the  RM0.465 level,  price target  will be pegged around the RM0.55 level. Support will be set around the RM0.415 level.

GLOMAC (5020)

GLOMAC has trended sideways between the RM1.13-RM1.16 levels. The  MACD  indicator  has  issued  a  “Buy”  signal  and  the  RSI  is sustaining its movement above 50. Monitor for a breakout above the RM1.16 level, targeting  the  RM1.21  and  RM1.32 levels. Support  will be envisaged around the RM1.13 level.

YNHPROP (3158)

YNHPROP  has  ended higher above  the  RM2.10 level accompanied by  improved  volumes.  The  MACD  indicator  has  issued  a  “Buy” signal,  while the  RSI  has  spiked-up  yesterday  –  indicating  that  the momentum is  picking up. Price target  will be set around the  RM2.18 and RM2.45 levels. Support is located around the RM2.00 level.