The FBM KLCI continues its negative momentum and closed below the 1,750 level. The MACD Histogram extended another red bar, but the RSI is oversold. The key index may form a technical rebound towards the 1,770 level. Meanwhile, the next level of support will be pegged around the 1,720 level.

EVERGRN trended sideways over the past three weeks after it formed a Breakout-Pullback-Continuation pattern above the RM1.13 level. The MACD Histogram has turned green, but the RSI is overbought. Price target will be envisaged around the RM1.28-RM1.40 levels. Support will be set around the RM1.13 level.

SOLID has experienced a downward channel breakout above the RM1.55 level with higher-than-average volumes. The MACD Line is trending higher, but the RSI is slightly overbought. Price may rally towards the RM1.74 and RM2.00 levels after a short consolidation. Support will be anchored around the RM1.51 level.

WINTONI experienced a consolidation breakout above the RM0.34 level with improved volumes. The MACD Indicator has issued a “Buy” signal, while the RSI is trending higher above 50. Price target will be pegged around the RM0.425 and RM0.50 levels. Support will be located around the RM0.315 level.

Source: M+ Online Research - 1 Jun 2015