FBMKLCI

The  FBM  KLCI  rebounded  off  the  1,800  level,  marking  a  short term  support  led  by  buying  support  among  oil  and  gas heavyweights.  The  MACD  indicator  has  issued  a  “Buy”  signal, but  the  RSI  is  below  50.  Resistance  will be envisaged around the 1,820-1,840 levels. Support will be set around 1,770 level.

IRCB (2127) - Weekly

IRCB experienced  a  triangle formation breakout above  the  RM0.76 level with improved volumes. The weekly MACD indicator expanded positively  above  zero.  The  weekly  RSI,  however,  is  overbought. Price may  rally towards the RM0.89-RM1.00  levels  after  a  short term consolidation. Support will be located around the RM0.76 level.

TUNEINS (5230)

TUNEINS  has  experienced  a  breakout  above  the  RM2.00  level accompanied  by  higher-than-average  volumes.  The  MACD Histogram  has  turned  green,  while  the  RSI  has  hooked  above  50. Price target will be located around the RM2.08-RM2.19 levels. Support will be pegged around the RM1.92 level.
 

CCMDBIO (7148)

CCMDBIO experienced a  flag formation  breakout above the  RM3.36 level  with  strong  volumes.  The  MACD  indicator  has  expanded positively above zero,  while the  RSI  has  crossed above 50. Price  is likely  to  rally towards  the  RM3.87-RM4.00 levels. Support  will be set around the RM3.22 level.

Source: M+ Online Research Research - 25 Mar 2015