The FBM KLCI continues to stay above the trendline and suggests that the trend is turning into a positive move. The MACD Histogram has turned green, but the RSI is overbought. The FBM KLCI’s upside will be located around the 1,840 level. Support will be pegged around the 1,800-1,820 levels.

SYSTECH has experienced a breakout above the RM0.335 level with high volumes. The MACD indicator has issued a “Buy” signal, while the RSI has hooked above 50. Price target will be envisaged around the RM0.365 and RM0.45 levels. Support will be located around the RM0.315 level.

TOMYPAK has surged above the RM1.43 resistance level accompanied by higher-than-average volumes. The MACD Indicator has expanded positively above zero. The RSI, however, is overbought. Price may rally towards the RM1.69 level after a short consolidation. Support will be pegged around the RM1.17 level.

HHGROUP experienced a consolidation breakout above the RM0.51 level with high volumes. The MACD Indicator has issued a “Buy” signal, while the RSI is trending higher above 50. Price target will be set around the RM0.545 and RM0.615 levels. Support will be located around the RM0.51 level.

Source: M+ Online Research - 3 Apr 2015