The FBM KLCI surged higher after finding support around the 1,770 level. Despite the MACD Line staying below zero, it has formed a “Buy” signal after crossing above the Signal Line. The RSI trended higher above 30. The key index may rebound higher towards the 1,820-1,838 levels over the near term.

IFCAMSC has experienced a breakout above the 52-Week high of RM0.52 with high volumes. The MACD indicator has flashed a “Buy” signal, while the RSI is above 50. As the momentum is picking up strongly above the resistance, price may rally towards the RM0.575-RM0.75 levels. Support will be pegged around the RM0.50 level.

MMSV has rebounded off the RM0.38 level and gapped higher above the EMA20 level. The MACD Histogram has extended another green bar, while the RSI has crossed above 30. Price target will be envisaged around the RM0.575-RM0.62 levels. Support will be located around the RM0.455 level.

PFCE has formed a Breakout-Pullback-Continuation pattern above the RM0.345 level. With the retest of the RM0.41 level last Friday and the indicators pointing positively, price may surge above the RM0.41, targeting the RM0.46 and RM0.515 levels over the near term. Support will be pegged around the RM0.345 level.

Source: M+ Online Research - 27 Oct 2014