The FBM KLCI trended sideways near the downward trendline but continues to hover above the EMA9 level. The MACD Histogram has turned red, while the RSI is hovering above 50. The key index’s upside is likely to be capped around the 1,840 level. Support will be located around the 1,770-1,800 level.

After a two-day pullback, REDTONE has resumed its uptrend, accompanied by high volumes. The MACD Indicator has expanded positively above zero, but the RSI is overbought. Price target will be located around the RM0.835 and RM0.905 levels. Support will be pegged around the RM0.75 level.

ESCERAM has breached above the RM0.255 level with high volumes. The MACD Indicator has issued a “Buy” signal. The RSI, however, has crossed into the overbought region. Price target will be located around the RM0.29 and RM0.335 levels. Support will be pegged around the RM0.235 level.

EFFICEN has rebounded off the support level of RM0.29. The MACD Histogram has turned green, while the RSI has hooked above 30 – suggesting that the momentum could be picking up. Monitor for a breakout above the RM0.315 level, targeting the RM0.36 and RM0.425 level.

Source: M+ Online Research - 4 Mar 2015