The FBM KLCI trended lower on the back of some last minute selling pressure among index heavyweights. The MACD Indicator extended another negative bar. The RSI has crossed below 50. The key index may decline further towards the 1,750-1,770 support zones. Resistance will be located around the 1,800 level.

ESCERAM has experienced a short-term consolidation breakout above the RM0.27 level with high volumes. The MACD indicator has expanded positively above zero, but the RSI is overbought. Price target will be envisaged around the RM0.29 and RM0.38 levels. Support will be pegged around the RM0.25 level.

MIKROMB has experienced a trendline breakout above the RM0.32 level with improved volumes. The MACD Histogram extended another green bar, while the RSI is picking up towards 50. Price target will be envisaged around the RM0.365 and RM0.40 levels. Support will be located around the RM0.305 level.

Following a two-month sideways mode, PW experienced a strong breakout above the RM1.46 level accompanied by high volumes. The MACD Indicator has issued a “Buy” signal, while the RSI is above 50. Price may rally towards the RM1.80 level after a mild consolidation. Support will be set around the RM1.35 level.

Source: M+ Online Research - 11 Mar 2015