FBMKLCI

The  FBM  KLCI  has  surged  above  the  1,800  psychological  level. The  MACD  Line  has  crossed  above  zero.  The  RSI,  however,  is trending  below  50.  As  both  the  indicators  are  mixed,  the  FBM KLCI’s  upside  could  be  capped  around  the  1,820  level.  Support will be located around the 1,770 levels.

ABRIC

ABRIC has  surged strongly above RM0.51 level  with high volumes, after  a  four-day  consolidation.  The  MACD  Histogram  has  turned green, but the  RSI  is  overbought. Price  may  rally towards  the  price target  of  the  RM0.64-RM0.70  levels  after  a  mild  consolidation. Support will be pegged around the RM0.49 level.

GDEX

GDEX  has  rebounded off  the RM1.64 level with  higher-than-average volumes.  The  MACD Indicator has  expanded positively above zero. The  RSI,  however,  is  overbought.  Monitor  for  a  breakout  above RM1.66, targeting the  RM1.70-RM1.78 levels. Support will be located around the RM1.63 level.

IPMUDA

IPMUDA  has  experienced  a  mild  breakout  above  the  RM1.10  level accompanied  by  improved  volumes.  The  MACD  Histogram  has turned  green.  The  RSI,  however,  is  below  30.  Price  target  will  be located around the  RM1.30-RM1.58 levels. Support  will be envisaged around the RM1.05 level.

Source: M+ Online Research - 23 Mar 2015