The FBM KLCI rebounded off the EMA120 level and may retest the downward trendline around the 1,820 level. The MACD Histogram has turned green, but the RSI is suggesting that the key index is overbought. Resistance will be located around the 1,840 level. Support will be pegged around the 1,770 level.

MMCCORP has experienced a breakout above the RM2.43 level accompanied by a mild volume spike. The MACD Histogram has expanded positively above zero, while the RSI trended higher above 50. Price target will be envisaged around the RM2.66-RM2.86 levels. Support will be pegged around the RM2.35 level.

SAMUDRA experienced a resistance breakout above the RM0.505 level. The EMA orientation is suggesting that the uptrend is intact (EMA9>EMA20).The MACD Histogram has turned green, but the RSI is slightly overbought. Price may rally towards the RM0.545 and RM0.61 levels. Support will be set around the RM0.47 level.

MFCB has surged above the RM2.40 level with high volumes. The MACD Histogram has turned green. The RSI, however, is located within the overbought region. Price may rally towards the price target of the RM2.62-RM2.77 levels after a mild consolidation. Support will be pegged around the RM2.29 level.

Source: M+ Online Research - 9 Feb 2015