The FBM KLCI has extended its downward trend for the second consecutive week. The MACD Line has crossed below zero, while the RSI is hovering below 50. The FBM KLCI may see further downside towards the 1,750 level. Meanwhile, the resistance will be located around the 1,800 level.

AWC has experienced a breakout above the RM0.27 level with high volumes. The MACD indicator has issued a “Buy” signal, while the RSI has crossed above 50. Price may rally towards the RM0.385-RM0.40 levels after a mild consolidation. Support will be pegged around the RM0.35 level.

OPENSYS has trended sideways over past one month between the RM0.345-RM0.37 levels. The MACD Line is hovering above zero, but the RSI is trending lower below 50. Monitor for a breakout above the RM0.37 level, targeting the RM0.415 and RM0.475 levels. Support will be set around the RM0.345 level.

HHGROUP experienced a breakout above the RM0.475 level with improved volumes. The MACD Indicator has issued a “buy” signal, while the RSI has hooked above 50. Price target will be envisaged around the RM0.51-RM0.555 levels. Support will be located around the RM0.455 level.

Source: M+ Online Research - 16 Mar 2015