The FBM KLCI resumed its short term uptrend and might be poised for a breakout above the 1,820 trendline. The MACD Line, however, is flattish. The RSI is hovering above 50. Resistance will be pegged around the 1,840 level. Support will be located around the 1,770-1,800 levels.

EG experienced a flag formation breakout above the RM0.68 level accompanied by higher-than-average volumes. The MACD expanded positively above zero, but the RSI is overbought. Price may rally towards the RM0.77 and RM0.865 levels after a mild consolidation. Support will be set around the RM0.66 level.

Following a two-day pullback, KKB has ended above the EMA60 level with improved volumes. The MACD Line has crossed above zero. The RSI, however, is overbought. Monitor for a breakout above the RM1.54 level, targeting the RM1.68 and RM2.00 levels. Support will be pegged around the RM1.43 level.

LANDMRK has experienced a consolidation breakout above the RM1.09 level with improved volumes. The MACD Indicator has issued a “Buy” signal, while the RSI is hovering above 50. Price target will be located around the RM1.21 and RM1.38 levels. Support will be set around the RM1.01 level.

Source: M+ Online Research - 27 Feb 2015