FBMKLCI

The  FBM  KLCI  stayed  below  the  EMA9  after  retesting  the  1,854 level  last  week.  The  MACD  Line  is  below  zero,  but  the  MACD Histogram  has  turned  green.  The  RSI  has  crossed  above  30. Resistance  will be  pegged  around the  1,860-1,880 levels.  Support will be located around the 1,820-1,840 levels.

KAREX (5247)

KAREX  has  retested  the  RM2.92  level  with  improved volumes.  The MACD Line and  MACD Histogram are  trending higher.  The  RSI has crossed above 50. Monitor  for  a  breakout above  the  RM2.92 level, targeting  the  RM3.06,  RM3.25  and  RM3.52  levels.  Support  will  be pegged around the RM2.94 level.

TONGHER  (5010)  –  Weekly

TONGHER has  rebounded off  the  RM2.17 level, forming  a BreakoutPullback-Continuation pattern on the weekly chart. The MACD Line is above  zero,  but  the  weekly  RSI  is  overbought.  Price  could  rally towards  the  RM2.45-RM2.60  levels  after  a  mild  consolidation. Support will be set around the RM2.17 level.

SUPERMX  (7106)

SUPERMX  has  experienced  a  breakout above the  RM2.28 level with high volumes.  The  MACD indicator  is  improving,  while the  RSI  has crossed  above  50  –  indicating  that  the  momentum  is  picking  up. Price may rally towards the RM2.53 level after a short consolidation. Support will be pegged around the RM2.17 level.

Source: M+Online Research - 7 Oct 2014