The FBM KLCI rebounded over the past three trading days and ended above the 1,600 psychological level. The MACD Indicator has been trending higher, while the RSI has crossed above 30. Resistance will be located around the 1,640-1,670 level. Support will be set around the 1,560 level.

KULIM has experienced a short-term breakout above the RM2.65 level with higher-than-average volumes. The weekly MACD Line is approaching zero, while the weekly RSI is hovering above 50. Monitor for a trendline breakout above RM2.81, targeting the RM3.00-RM3.31 levels. Support will be set around the RM2.65 level.

SUNZEN has rebounded off the RM0.40 level with improved volumes. The MACD Line is hooking upwards, while the MACD Histogram has extended another green bar. The RSI has crossed above 30. Price may rally towards the RM0.45-RM0.485 levels. Support will be anchored around RM0.40.

INARI has trended sideways between the RM2.80-RM3.00 levels over the past month. The MACD Indicator has issued a “Buy” signal, while the RSI is trending higher towards 50. Monitor for a breakout above the RM3.16 level, targeting the RM3.37-RM3.49 levels. Support will be envisaged around the RM3.00 level.

Source: M+ Online Research - 28 Aug 2015