FBMKLCI

The  FBM KLCI  ended marginally lower  amid a  last minute  selling on selected index heavyweights. The MACD indicator continues to trend  lower.  The  RSI,  however,  is  oversold.  The  index  may  be due  for  a  technical  rebound.  Support  will  be  pegged  around  the 1,780 level. Resistance will be set around the 1,820 levels.

UMWOG (5243)

UMWOG  has  rebounded above  the  RM3.00  support  level  with  high volumes,  forming a  bullish engulfing bar. The  MACD Histogram has turned green,  while  the  RSI  is  oversold. Price  may  rebound further towards  the  resistance  of the  RM3.60-RM3.80 levels. Support will  be located around the RM3.00 level.

MFCB (3069)

MFCB has  rebounded off  the  RM2.27  level  with  improved volumes. The  MACD  Histogram,  however,  has  extended  another  red  bar. Nevertheless,  the  RSI  is  above  50.  Price  may  rally  towards  the RM2.50-RM2.77  levels  after  a  short  consolidation.  Support  will  be envisaged around the RM2.27 level.

OVERSEA (0153)  –  Weekly

OVERSEA continues  to  trend sideways between  the  RM0.20-RM0.23 levels.  The  MACD Histogram has  extended another green bar, while the  RSI  has  crossed  above  30.  Monitor  for  a  breakout  above  the RM0.23  level,  targeting  the  RM0.28  level.  Support  will  be  pegged around the RM0.20 level.