The FBM KLCI continues to charge higher above the 1,800 psychological level. The MACD Line extended its upward movement above zero, but the RSI is slightly overbought. Resistance will be envisaged around the 1,820 level. Support will be located around the 1,750-1,770 levels.

MUDAJYA has trended sideways between the RM1.52-RM1.58 levels over the past two weeks. The MACD Line is hovering below zero. The RSI is slightly overbought. Monitor for a breakout above the RM1.58 level, targeting the RM1.88 level. Support will be pegged around the RM1.52 level.

MISC experienced a consolidation breakout above the RM7.80 level with improved volumes. The MACD Indicator has expanded positively above zero. The RSI, however, is hovering in the overbought region. Price may rally towards the RM9.00 level after a short consolidation. Support will be set around the RM7.00 level.

CENSOF has experienced a short term trendline breakout above the RM0.485 level with improved volumes. The MACD Histogram has turned green on Friday, but the RSI has crossed above 70. Price may rally towards the RM0.53-RM0.56 levels after a short pullback. Support will be envisaged around the RM0.43 level.

Source: M+ Online Research - 26 Jan 2015