Last minute buying support on the FBM KLCI boosted the key index higher above the EMA20 level at 1,736.19 pts (+12.06 pts) on Tuesday. The MACD Histogram has turned green, while the RSI is hovering above 50. Resistance will be set around 1,740. Meanwhile, support will be located around 1,700.

PRIVA has experienced a breakout above the RM0.28 level with higher-than-average volumes. The MACD Line is trending higher towards zero, while the RSI is hovering above 50. Price may rally towards the RM0.34 and RM0.38 levels. Support will be anchored around the RM0.255 level.

SOLID has experienced a consolidation breakout above the RM1.68 level with mild volumes. The MACD Indicator has issued a “Buy” signal, while the RSI is staying above 50 – suggesting that the momentum is intact. Price could rally towards the RM2.00 level. Support will be located around RM1.58.

HHGROUP experienced a symmetrical triangle breakout above the RM0.48 level with high volumes. The MACD Indicator has issued a “Buy” signal. The RSI is trending higher above 50. Price target will be envisaged around the RM0.59 level. Support will be pegged around the RM0.45 level.

Source: M+ Online Research - 22 Jul 2015