The FBM KLCI halted the five-day selling streak and stayed above the 1,750 level. The MACD Indicator, however, is still trending lower. Nevertheless, the RSI is suggesting that the FBM KLCI is oversold. The FBM KLCI may stage a short term technical rebound towards the resistance of the 1,770 level.

BTECH has rebounded off the EMA20 level with improved volumes after a two-month consolidation. The MACD Histogram has turned green, while the RSI has surged above 50. Price may rally towards the target of the RM0.37 and RM0.50 levels. Support will be anchored around the RM0.305 level.

CAREPLS has experienced a gap-up candle above the RM0.66 level with mild improvement in volumes. The MACD Histogram has turned green, while the RSI is hovering above 50 – suggesting that the positive momentum is intact. Price target will be envisaged around the RM0.74 level. Support will be set around the RM0.635 level.

XINQUAN has experienced a consolidation breakout above the RM0.60 level accompanied by higher-than-average volumes. The MACD Indicator is trending higher, while the RSI has hooked above 50. Price may rally towards the RM0.66 and RM0.70 levels. Support will be pegged around the RM0.58 level.

Source: M+ Online Research - 29 May 2015