The FBM KLCI continues to hover above the EMA9 level and trading near the trendline (~1,820 level). The MACD Histogram extended another green bar, while the RSI continues to hover above 50. Resistance will be envisaged around the 1,840-1,860 levels. Support will be located around the 1,800 level.

OCK experienced a trendline and resistance breakout above the RM0.915 level with high volumes. The MACD Indicator has issued a “Buy” signal, while the RSI trended higher above 50. Price may rally towards the RM1.00-RM1.06 levels. Support will be pegged around the RM0.86 level.

COCOLND experienced a flag formation breakout above the RM1.86 level with high volumes. The MACD Indicator expanded positively above the zero level. The RSI, however, is overbought. Price may rally towards the RM2.02 and RM2.18 levels after a mild consolidation. Support will be set around the RM1.79 level.

BRIGHT trended sideways over the past two months above the EMA20 level. The MACD Histogram has turned green, while the RSI is hovering above the 50 level. Monitor for a breakout above the RM0.57 level, targeting the RM0.655 and RM0.725 levels. Support will be located around the RM0.54 level.

Source: M+ Online Research - 2 Mac 2015