The FBM KLCI revisited the downward trendline and stayed below the 1,860 level amid profit taking activities. The MACD Histogram has turned red and the RSI has crossed below 70. Price may consolidate around the 1,840 support level. Meanwhile, the resistances are set around the 1,860-1,880 levels.

SUCCESS continues to stay above the EMA9 level with slight improvement in volumes. The MACD Histogram has extended another green bar, while the RSI is holding above 50. Monitor for a breakout above the RM1.95 level, targeting the RM2.13-RM2.20 levels. Support will be pegged around the RM1.85 level.

PRLEXUS has experienced a consolidation breakout above the RM1.68 level with improved volumes. The MACD indicator has expanded positively above zero, but the RSI is overbought. Price may resume its uptrend towards the RM1.82-RM2.00 levels after a short consolidation. Support will be set around the RM1.64 level.

WILLOW has consolidated sideways between the RM0.845-RM0.88 levels over the past two weeks. The MACD Line is above zero, but the RSI has crossed above the 70 level. Monitor for a breakout above the RM0.88 level, targeting the RM0.95-RM1.00 levels. Support will be pegged around the RM0.845 level.

Source: M+ Online Research - 5 Nov 2014