Follow-through selling interest was noted on the FBM KLCI and the key index ended below the 1,680 level. The MACD Indicator has issued a “Sell” signal, while the RSI is hovering below 50. The upside will be limited to around the 1,700-1,720 levels. Support will be set around the 1,670 level.

NTPM experienced a trendline breakout above the RM0.725 level with higher-than-average volumes. The weekly MACD Indicator has issued a “Buy” signal, while the weekly RSI has crossed above 50. Price may rally towards the RM0.875 and RM0.93 levels. Support will be pegged around the RM0.675 level.

OCNCASH’s buying interest resumed after a two-day pullback, forming a bullish engulfing candle with higher-than-average volumes. The MACD Histogram turned green. The RSI is hovering above 50. Price may breakout above the all-time-high of RM0.435, targeting RM0.50. Support will be set around RM0.395.

TAKASO has resumed its uptrend after a four-day pullback with improved volumes. The MACD indicator has expanded positively above zero, while the RSI is slightly overbought. Monitor for a breakout above RM0.58, targeting the RM0.665 and RM0.74 levels. Support will be anchored around the RM0.525 level.

Source: M+ Online Research - 10 Aug 2015