The FBM KLCI snapped a five-day losing streak and rebounded towards the EMA9 level. The MACD Histogram has turned green, but the RSI continues to hover below 50. The key index may rebound higher towards the resistance of the 1,840 level. Meanwhile, the support will be pegged around the 1,800 level.

OCNCASH has rebounded off the RM0.36 level last week; follow-through buying interest was seen yesterday above the RM0.395 level. As both the MACD and RSI indicators are trending higher, price may rally towards the RM0.45-RM0.50 levels. Support will be set around the RM0.36 level.

MIKROMB has surged above the RM0.41 level with high volumes after the recent pullback towards the RM0.385 level. The MACD Histogram has turned green, while the RSI is hovering above 50. Price is likely to rally higher towards the RM0.47 and RM0.50 levels. Support will be pegged around the RM0.385 level.

VS experienced a mild consolidation breakout above the RM2.36 level with improved volumes. The MACD Line has crossed above zero, while the RSI is hovering near the 50 level. Price target will be envisaged around the RM2.65 and RM3.00 levels. Support will be located around the RM2.28 level.

Source: M+ Online Research - 19 Nov 2014