FBMKLCI

The  FBM  KLCI  dived  below  the  1,820  level  on  Friday  as  market sentiments  turned  bearish  following  the  negative  tone  on  Wall Street.  The  MACD  is  trending  lower,  while  the  RSI  has  dropped below  30.  Resistance  is  located  around  the  1,850-1,860  levels. Support will be set around the 1,800 level.

SUPERMX (7106)

SUPERMX has  rebounded off the  EMA60 level and  ended above the RM2.29  level  with  improved  volumes.  The  MACD  Histogram  has turned  green,  while  the  RSI  is  hovering  above  50.  Price  may  rally towards  the  RM2.53  level.  Support  will  be  envisaged  around  the RM2.22 level.

DOMINAN (7169) – Weekly

DOMINAN  continues  to  stay  above  the  weekly  EMA9  level  with improved volumes.  The  weekly MACD Line is  above  the  zero level. The  weekly  RSI,  however,  has  crossed  above  70.  Monitor  for  a breakout  above  the  RM1.30  level,  targeting  the  RM1.40-RM1.50 levels. Support will be located around the RM1.24 level.

MFLOUR (3662)

MFLOUR  has  rebounded  above  the  EMA120  level  with  high volumes. The  MACD Histogram has  turned green,  but the RSI is  still hovering  below  30.  Price  may  trend  sideways  over  the  near  term before  breaching  above the RM1.89 level. Resistance  will  be  pegged around the RM2.19 level. Support is set around the RM1.78 level.