The FBM KLCI surged above the 1,840 level amid the recovery of crude oil prices. The MACD Indicator has expanded positively above zero. The RSI, however, is overbought. The key index may trade higher towards the 1,870 level after a mild consolidation. Support will be located around the 1,820 level.

SALCON experienced a short term consolidation breakout above the RM0.76 level with improved volumes. The MACD Indicator has given a “Buy” signal. The RSI has crossed above 50. Price may rally towards the RM0.865 and RM0.94 levels. Support will be anchored around the RM0.74 level.

AZRB trended sideways between the RM0.695-RM0.71 levels over the past three months. The MACD Indicator has flashed a “Buy” signal, but the RSI is overbought. Monitor for a breakout above the RM0.71 level, targeting the RM0.74, RM0.77 and RM0.81 levels. Support will be pegged around the RM0.595 level.

HEXZA could be forming a Breakout-Pullback-Continuation pattern above the RM0.81 level with improved volumes. The MACD Line is hovering above zero, but the RSI is slightly overbought. Monitor for a breakout above the RM0.83 level, targeting the RM0.90 level. Support will be set around the RM0.81 level.

Source: M+ Online Research - 8 Apr 2015