The FBM KLCI has rebounded off the 1,580 level two days ago to end higher above the 1,600 psychological level. The MACD Histogram extended another green bar, while the RSI is approaching 50. Resistance will be set around the 1,660-1,680 levels. Support will be pegged around the 1,560 level.

LUXCHEM has experienced a breakout above the RM1.20 level with improved volumes. The MACD Histogram has turned green, while the RSI is hovering above 50 – suggesting that the momentum is positive. Price may rally towards the RM1.40-RM1.50 levels. Support will be pegged around the RM1.16 level.

YSPSAH has formed a bullish engulfing candle with improved volumes. The MACD Indicator has issued a “Buy” signal, while the RSI has crossed above 50. Price may rally towards the RM3.30-RM3.49 levels over the near term. Support will be anchored around the RM2.40 level.

LEESK has rebounded off the RM0.255 level over the past two weeks and forming a bullish candle with improved volumes yesterday. The MACD Indicator is trending higher, but the RSI is below 50. Monitor for a breakout above RM0.285, targeting the RM0.335-RM0.36 levels. Support will be set around RM0.255.

Source: M+ Online Research - 4 Sep 2015