The FBM KLCI continues to free fall after violating the 1,770 level on Wednesday. The MACD Indicator is trending lower, while the RSI is approaching the 30 level. Further support will be envisaged around the 1,720-1,740 levels. Meanwhile, resistance is set around the 1,770-1,800 levels.

NISHIN has experienced a flag formation breakout above the RM0.41 level with improved volumes. The MACD Histogram has extended another green bar. The RSI is trending higher towards 50. Monitor for a breakout above the RM0.43 level, targeting the RM0.47-RM0.525 levels. Support will be set around the RM0.37 level.

COASTAL could be due for a technical rebound after a series of selling activities below the RM3.00 level. The MACD Histogram has turned green, while the RSI is oversold. Monitor for a breakout above the RM2.70 level, targeting the RM2.97 and RM3.25 levels. Support will be located around the RM2.56 level.

EKIB has experienced a breakout above the RM0.70 level with high volumes. The MACD Histogram has turned green, but the RSI has crossed above 70 – indicating an overbought position. Price may rally towards the RM0.765 and RM0.84 levels after a short consolidation. Support will be set around the RM0.65 level.

Source: M+ Online Research - 5 Dec 2014