The FBM KLCI tripped below the EMA9 level and the upward trendline as selling pressure was noted within index heavyweights. The MACD Histogram has extended another red bar, but the RSI remained above 50. Support will be located around the 1,750-1,770 levels.

AZRB has been consolidating sideways between the RM0.695-RM0.71 levels over the past two weeks. The MACD Line is still hovering above zero. The RSI, however, is below 50. Monitor for a breakout above the RM0.71 level, targeting the RM0.74, RM0.77 and RM0.81 levels. Support will be pegged around the RM0.68 level.

PERISAI has formed a hammer candle above the EMA60 level accompanied by higher-than-average volumes. The MACD Line is above zero, while the RSI has hooked above 50. Monitor for a breakout above the RM0.63 level, targeting the RM0.725 and RM0.765 levels. Support will be located around the RM0.58 level.

CENTURY has rebounded off the EMA60 level with improved volumes. The MACD Indicator, however, is trending lower. Nevertheless, the RSI is above 50 level. Monitor for a breakout above the RM0.72 level, targeting the RM0.77 and RM0.815 level. Support is set around the RM0.705 level.

Source: M+ Online Research - 6 Mar 2015