The FBM KLCI traded above the 1,700 psychological level yesterday on the back of window dressing activities, after the support was breached two trading days ago. The MACD Histogram has turned green. The RSI, however, is below 50. The FBM KLCI may further rebound towards the 1,715 level.

GKENT has formed a Breakout-Pullback-Continuation pattern above the trendline of the RM1.22 level. The MACD Indicator has expanded positively above zero, but the RSI is overbought. Price is likely to rally towards the RM1.44 and RM1.55 levels over the near term. Support will be located around the RM1.20 level.

KNM has rebounded off the EMA20 level with improved volumes, forming a bullish engulfing bar. The MACD Line is trending upwards, while the RSI is staying above 50. Monitor for a breakout above the RM0.62 level, targeting the RM0.665 and RM0.72 levels. Support will be pegged around the RM0.58 level.

APFT has been trending sideways between the RM0.175 and RM0.215 levels over the past four months. The MACD Histogram has turned green, while the RSI is hovering above 50. Monitor for a breakout above the RM0.215 level, targeting the RM0.27 level. Support will be anchored around the RM0.175 level.

Source: M+ Online Research - 1 Jul 2015