The FBM KLCI has pullback below the EMA9 level after hitting the resistance zone near the 1,735-1,740 levels. The MACD Histogram has extended another red bar, while the RSI has crossed below 50. If the FBM KLCI violates below 1,720, further support will be located around the 1,700 level.

OKA has rebounded off the EMA20 level with higher-than-average volumes, forming a bullish engulfing candle on Thursday. The MACD Histogram has turned green, while the RSI is trending higher above 50. Monitor for a breakout above RM0.91, targeting the RM0.97 level. Support will be set around the RM0.855 level.

IRCB could be forming a Breakout-Pullback-Continuation pattern above the RM0.87 level. The MACD Line is hovering above zero. The RSI is trending positively above 50. Price target will be envisaged around the RM0.945 and RM1.00 levels. Support will be pegged around the RM0.87 level.

SUCCESS has experienced a consolidation breakout above the RM1.45 level after rebounding off the RM1.39 level last week. The MACD Line has crossed above zero, but the RSI is slightly overbought. Price may rally towards the RM1.60-RM1.72 levels after a mild pullback. Support will be anchored around the RM1.39 level.

Source: M+ Online Research - 24 Jul 2015