The FBM KLCI has breached above the downward trendline on window dressing activities for 1Q2015. The MACD Histogram has turned green, but the RSI is overbought. Resistance of the FBM KLCI will be envisaged around the 1,840 level. Support will be located around the 1,770-1,800 levels.

MPAY has rebounded off the RM0.255 level and surged above the RM0.275 level yesterday. The MACD Indicator has expanded positively above zero, while the RSI is holding above 50. Price may rally towards the RM0.325-RM0.335 levels. Support will be pegged around the RM0.255 level.

MITRA has formed a bullish formation above the EMA9 level accompanied by higher-than-average volumes. The MACD Histogram has extended another green bar. The RSI has hooked above 50. Monitor for a breakout above the RM1.70 level, targeting the RM2.00 level. Support will be pegged around the RM1.59 level.

OSK has surged towards the recent high of RM2.19. The MACD indicator has expanded positively above zero, but the RSI is slightly overbought. Price is likely to breach above the RM2.19 level after a short consolidation. Price target will be envisaged around the RM2.43-RM2.53 levels. Support will be set around the RM2.04 level.

Source: M+ Online Research - 1 Apr 2015