The FBM KLCI has pulled back below the 1,840 level amid the selloffs within the banking and oil and gas heavyweights. The MACD Histogram extended another red bar and the RSI is below 50. Resistance will be pegged around the 1,840 level. Support will be located around the 1,800-1,820 levels.

TAMBUN experienced a consolidation breakout above the RM1.80 level with high volumes. The MACD Line trended higher towards the zero level, while the RSI has hooked up above 50. Price may rally towards the RM2.00-RM2.08 levels after a short consolidation. Support will be pegged around the RM1.76 level.

EITA has experienced a breakout above the RM1.27 level with mild volumes. The weekly MACD Line trended higher towards zero, while the weekly RSI is hovering above 50 – suggesting that the momentum is intact. Price target will be located around the RM1.45-RM1.56 levels. Support will be located around the RM1.10 level.

WILLOW has retraced towards the EMA20 level after the price formed a short term peak at RM0.97 level three weeks ago. The MACD Line is pointing lower, but the RSI is staying above 50. Monitor for a breakout above RM0.895, targeting the RM0.92-RM0.94 levels. Support will be set around RM0.885.

Source: M+ Online Research - 5 May 2015