The FBM KLCI ended in the negative territory after the key index revisited the 1,560 level, but it managed to form a hammer candle. The MACD Histogram extended another green bar, while the RSI is oversold. Resistance will be envisaged around 1,600. Meanwhile, the support will be set around the 1,560 level.

NCB has trended sideways above the RM4.00 level over the past three trading days with improved volumes. The MACD Histogram has turned green, while the RSI is hovering above 50. Monitor for a breakout above the trendline of RM4.10, targeting the RM4.70-RM5.00 levels. Support will be set around RM4.00.

LCTH has experienced a flag formation breakout above the RM0.63 level with higher-than-average volumes. The MACD Histogram has extended another green bar, but the RSI is hovering below 50. Price target will be located around the RM0.705 and RM0.80 levels. Support will be anchored around the RM0.605 level.

HOMERIZ has rebounded off the EMA120 level with higher-than-average volumes. The MACD Histogram has extended another green bar, while the RSI has hooked above 30. Monitor for a breakout above the RM0.985 level, targeting the RM1.08-RM1.16 levels. Support will be set around the RM0.91 level.

Source: M+ Online Research - 21 Aug 2015