The FBM KLCI reversed its uptrend near the downward trendline of 1,820. The MACD Histogram has turned red, but the RSI is hovering above 50. As both the indicators are mixed, the FBM KLCI’s resistance will be envisaged around the 1,820-1,840 levels. Support will be located around the 1,770 level.

AHB experienced a sideways consolidation breakout above the RM0.20 level with improved volumes. The MACD Indicator is trending higher above zero, while the RSI has hooked above 50. Price may rally towards the RM0.25-RM0.265 levels. Support will be located around the RM0.19 level.

EDUSPEC has rebounded above the RM0.335 level with higher-than-average volumes. The MACD Line is hovering above zero, but the RSI is below 50. Monitor for a breakout above the trendline at RM0.35, targeting the RM0.38 and RM0.47 levels. Support will be pegged around the RM0.31 level.

CAP has trended sideways after a strong surged above the EMA120 level on 19th March. The MACD Line is pointing upwards. The RSI, however, is overbought. Monitor for a breakout above the RM0.355 level; price target will be envisaged around the RM0.39-RM0.42 levels. Support will be set around the RM0.335 level.

Source: M+ Online Research - 30 Mar 2015