The FBM KLCI continues to trend marginally lower on Friday and settled below the EMA9 level. The MACD Histogram extended another red bar, while the RSI is hovering below 50. The FBM KLCI may see limited upside to only around the 1,740 level. The support will be envisaged around the 1,700 level.

LEESK has experienced a trendline breakout above the RM0.315 level with higher-than-average volumes. The MACD Histogram has turned green, but the RSI is slightly overbought. Price may rally towards the RM0.355-RM0.38 levels after a short consolidation. Support will be set around the RM0.295 level.

ALCOM has experienced a sideways consolidation breakout above the RM0.77 level with improved volumes. The weekly MACD Indicator is trending higher above zero, while the weekly RSI has crossed above 50. Price target will be envisaged around the RM0.885 and RM1.00 levels. Support will be set around RM0.70.

ABRIC has rebounded off the EMA9 level with improved volumes. The MACD Histogram has turned green, while the RSI is hovering above 50. Monitor for a breakout above the RM0.565 level, targeting the RM0.59, RM0.63 and RM0.70 levels. Support will be anchored around the RM0.54 level.

Source: M+ Online Research - 27 Jul 2015