The FBM KLCI extended its short term upward momentum above the 1,830 level. The MACD Histogram also extended another green bar, but the RSI is suggesting that the FBM KLCI might be overbought. The FBM KLCI’s upside will be located around the 1,840 level. Support will be set around the 1,800 level.

EURO has rebounded off the EMA9 with improved volumes and breached above the RM0.60 level, forming a flag formation breakout. The MACD Histogram has turned green, while the RSI is trending higher above 50. Price target will be set around the RM0.69-RM0.745 levels. Support will be located around the RM0.50 levels.

YINSON trended sideways along the EMA120 level. The MACD Histogram has turned green and the RSI has hooked above 30. Monitor for a breakout above the RM2.86 level. Short term target will be envisaged around the RM2.98 level. The other target is at around the RM3.29 level. Support will be located around the RM2.77 level.

FARLIM experienced a consolidation breakout above the RM0.55 level accompanied by improved volumes. The MACD Indicator has expanded positively above zero. The RSI, however, is overbought. Price may rally towards the RM0.60 and RM0.685 levels. Support will be located around the RM0.525 level.

Source: M+ Online Research - 6 Apr 2015