The FBM KLCI pulled back towards the 1,840 level. The MACD Histogram extended another red bar and the RSI is overbought. Price is likely to consolidate to around the 1,840 level over the near term. Resistance will be set around the 1,870 level. Support will be located around the 1,840 level.

JIANKUN trended sideways over the past one month. The MACD Histogram, however, has turned green, while the RSI continues to trend higher. Monitor for a breakout above the RM0.345 level, targeting the RM0.37-RM0.39 levels. Support will be pegged around the RM0.325 level.

HHGROUP experienced a flag formation breakout above the RM0.545 level. The MACD Indicator expanded positively above zero. The RSI, however, is overbought. Price should rally to the target around the RM0.615 level after a short consolidation. Support will be located around the RM0.52 level.

CAELY has experienced a breakout above the RM0.475 level with improved volumes. The MACD Indicator has issued a “Buy” signal. The RSI, however, has just crossed above 70. Price may extend its rally towards the RM0.53 and RM0.58 levels after a mild correction. Support will be anchored around the RM0.445 level.

Source: M+ Online Research - 13 Apr 2015