The FBM KLCI rebounded mildly above the support of the 1,770 level after nose-diving nearly 50 pts on Monday. The MACD indicator, however, is still negative while the RSI is hovering below 50. Resistance will be pegged around the 1,800-1,820 levels. Further support will be set around the 1,720-1,740 level.

K1 has rebounded above the EMA60 level with improved volumes. The MACD Histogram, however, has extended another red bar. Nevertheless, the RSI has hooked above 30. Monitor for a breakout above the RM0.455 level, targeting the RM0.52-RM0.555 levels. Support will be located around the RM0.40 level.

DUFU rebounded above the RM0.265 support level and surged above the EMA9 level accompanied by higher-than-average volumes. The MACD Line is trending sideways above zero, while the RSI is holding above 50. Price may revisit the recent peak of the RM0.34-RM0.36 levels after a short consolidation.

IFCAMSC has formed a gapped-up candle with improved volumes and ended above the EMA20 level. The MACD Histogram has turned green, but the RSI is hovering below 50. Price may rally towards the RM0.895 and RM1.00 levels after a mild consolidation. Support will be set around the RM0.66 level.

Source: M+ Online Research - 3 Dec 2014