Although the FBM KLCI traded mostly in the negative territory on Friday, it ended above the EMA20 level on the back of some last minute buying support. The MACD Histogram extended another green bar, while the RSI crossed above 50. Resistance will be envisaged around 1,740-1,750. Support will be set around 1,700.

POHUAT experienced a breakout above the RM2.19 level with higher-than-average volumes. The MACD Indicator has expanded positively above zero, but the RSI is slightly overbought. Price target will be located around the RM2.43-RM2.60 levels. Support will be pegged around the RM1.94 level.

KHEESAN experienced a short term breakout above the RM0.715 level and retested the trendline of RM0.73. The MACD Indicator has issued a “Buy” signal. The RSI, however, is slightly overbought. Price targeat will be set around the RM0.815 and RM0.90 levels. Support will be located around the RM0.665 level.

EURO has trended higher above the weekly EMA9 over the past few weeks. The weekly MACD Histogram has turned green, while the weekly RSI is hovering above 50. Monitor for a breakout above the RM0.72 level, targeting the RM0.835 and RM0.90 levels. Support will be anchored around the RM0.60 level.

Source: M+ Online Research - 6 Jul 2015