The FBM KLCI rebounded further and ended above the EMA60 level. The MACD indicator has issued a “Buy” signal, but the RSI is hovering slightly below 50. Upsides on the key index might be capped around the 1,850-1,860 levels. Support will be located around the 1,800-1,820 levels.

KBES has turned sideways with an uptrend orientation as the EMA9 is staying above the EMA20. The MACD Indicator has expanded positively above zero, while the RSI has crossed above 50. Monitor for a breakout above the RM0.29 level, targeting the RM0.32-RM0.33 levels. Support will be pegged around the RM0.275 level.

KAREX has formed the Breakout-Pullback-Continuation pattern above the RM2.95 level. The MACD Histogram has turned green, while the RSI has spiked-up above 30. Price may rally higher towards the RM3.20 and RM3.52 levels. Support will be pegged around the RM2.95 level.

UNISEM has experienced a breakout above the RM1.74 level with high volumes. The MACD indicator has expanded positively above zero, but the RSI is slightly overbought. Price is likely to continue its uptrend towards the RM2.00-RM2.13 levels after a mild pullback. Support will be set around the RM1.65 level.

Source: M+ Online Research - 26 Nov 2014