The FBM KLCI continues the rebound phase above the EMA120 level. The MACD Line is pointing upwards, while the MACD Histogram has extended another green bar. The RSI is hovering above 50. The FBM KLCI may retest the resistance of the 1,880-1,900 levels. Support will be pegged around the 1,820 level.

OCK has formed a flag pattern over the past five trading days. The MACD Line is hovering above zero, while the RSI is trending higher above 50. Monitor for a flag formation breakout above the RM1.45 level, targeting the RM1.60 and RM1.74 levels. Support will be located around the RM1.42 level.


SAMUDRA has gapped-up above the RM0.50 level last Friday with improved volumes. The MACD indicator has expanded positively above zero, while the RSI is hovering above 50. Monitor for a breakout above the RM0.55 level, targeting the RM0.67 level. Support will be pegged around the RM0.50 and RM0.43 levels.


PESONA has consolidated sideways above the RM0.86 level with low volumes. The MACD indicator has rebounded last Friday. Also, the RSI has hooked above 50. Monitor for a breakout above the RM0.905 level. Price target will be envisaged around the RM1.00-RM1.10 levels. Support will be located around the RM0.86 level.

Source: M+ Online Research - 3 Nov 2014