The FBM KLCI gapped-down after retesting the 1,840 resistance level on Thursday. The MACD Histogram extended another red bar, while the RSI has tripped below 50. The key index is likely to further consolidate towards the near-term support of the 1,800 level. Further resistance will be set around the 1,860 level.

SNTORIA has formed a bullish engulfing bar above the EMA120 level accompanied by improved volumes. The MACD Histogram has turned green. The RSI has crossed above 30. Monitor for a breakout above the RM1.39 level, targeting the RM1.49-RM1.61 levels. Support will be pegged around the RM1.31 level.

PADINI could be forming a double-bottom formation as the price rebounded strongly above the RM1.65 level on Friday. The MACD Histogram has turned green, while the RSI has crossed above 30. Price target will be envisaged around the RM1.88-RM2.00 levels. Support will be located around the RM1.65 level.

FRONTKN surged above the RM0.16 level with high volumes after a Breakout-Pullback-Continuation above the RM0.11 level. The MACD indicator is trending higher, but the RSI is hovering below 50. Price may rally towards the RM0.20 and RM0.24 level after a consolidation. Support will be located around the RM0.145 level.

Source: M+ Online Research - 1 Dec 2014