The FBM KLCI has returned above the EMA9 level after a two-day pullback. The MACD Histogram has turned green, while the RSI continues to stay above 50. The key index is likely to extend its upward movement towards the 1,896 level. Support will be located around the 1,840 level.

BTECH experienced a flag formation breakout above the RM0.325 level with higher-than-average volumes. The MACD Indicator trended higher above the zero level. The RSI is hovering above 50. Price target will be envisaged around the RM0.37-RM0.40 levels. Support will be anchored around the RM0.31 level.

BARAKAH has rebounded off the EMA20 level after a two-week consolidation. The MACD Line is hovering above zero. The RSI, however, is overbought. Monitor for a breakout above the RM0.96 level, targeting the RM1.07-RM1.13 levels. Support will be pegged around the RM0.89 level.

GBH experienced a breakout above the RM1.61 level with improved volumes. The weekly MACD Histogram has turned green, but the weekly RSI has crossed above 70 (overbought). Price may rally towards the RM2.00 level after a short consolidation. Support will be seen around the RM1.51 level.

Source: M+ Online Research - 27 Apr 2015