Once again, bargain hunting activities have emerged and the FBM KLCI ended above the 1,700 psychological level. The MACD Indicator, however, is still negative, while the RSI is hovering below 50. Further upsides on the FBM KLCI might be limited to around the 1,710 and 1,740 levels. Support is set around 1,670.

BIOHLDG has formed a bullish engulfing candle with improved volumes. The MACD Histogram has turned green, but the RSI is hovering below 50. Monitor for a breakout above the RM0.305 level, targeting the RM0.345 and RM0.385 levels. Support will be located around the RM0.285 level.

CCB has experienced a sideways consolidation breakout above the RM2.50 level with high volumes. The MACD Histogram has trended higher. The RSI is staying above the 50 level. Price target will be envisaged around the RM2.64 and RM3.00 levels. Support will be anchored around the RM2.42 level.

JHM has been trended sideways around the EMA20 level over the past week. The MACD Histogram has turned green, but the RSI is hovering below 50. Price may rally towards the RM0.385 and RM0.435 levels over the near term. Support will be pegged around the RM0.335 level.

Source: M+ Online Research - 10 Jul 2015