The FBM KLCI has breached below the upward trendline last week. Also, the MACD Indicator has trended lower. The RSI, however, stayed above 50. The key index may resume its selling activities after a mild rebound. Resistance will be pegged around the 1,840 level. Support will be set around the 1,750-1,770 levels.

Following a pullback phase towards the EMA20 level, BENALEC could have found a support near the RM0.805. The MACD Histogram has turned green, while the RSI is trending higher towards 50. Monitor for a breakout above the RM0.84 level, targeting the RM0.925 level. Support will be set around the RM0.805 level.

HIL has formed a bullish engulfing bar with high volumes above the RM0.915 level. The MACD Indicator has expanded positively above zero, while the RSI is hovering above 50. Monitor for a breakout above the RM1.00 level, targeting the RM1.10-RM1.20 levels. Support will be pegged around the RM0.915 level.

EDUSPEC has rebounded off the RM0.31 level with improved volumes, forming the breakout-pullback-continuation pattern. The MACD Histogram has turned green, while the RSI has crossed above 50. Resistance will be envisaged around the RM0.38 and RM0.47 levels. Support will be located around the RM0.31 level.

Source: M+ Online Research - 9 Mar 2015