The FBM KLCI has trended sideways as the key index closed below the 1,600 psychological level. The MACD Histogram has turned red, while the RSI is slightly below the 50 level. The key index may consolidate sideways around the 1,560-1,580 support levels. Meanwhile, the resistance will be set around 1,660.

DSONIC has experienced a trendline breakout above the RM1.18 level with improved volumes. The MACD Indicator is trending higher, while the RSI is hovering above 50. Price may rally towards the RM1.31-RM1.40 levels after a short consolidation. Support will be pegged around the RM1.14 level.

YONGTAI has experienced a breakout above the RM0.485 level with high volumes. The MACD Indicator has issued a “Buy” signal, while the RSI has crossed above 50. Price target will be envisaged around the RM0.58, RM0.66 and RM0.73 levels. Support will be located around the RM0.46 level.

EATECH has experienced a flag formation breakout above the RM0.90 level with higher-than-average volumes. The MACD Line is recovering towards the Signal Line. The RSI has crossed above 30. Price may rally towards the RM1.00-RM1.10 levels after a short consolidation. Support will be set around RM0.81.

Source: M+ Online Research - 7 Sep 2015