Buying interest on the FBM KLCI emerged in the afternoon trading session and the key index ended higher at 1,587.12 pts (+4.27 pts). The MACD Line is trending higher above the Signal Line. The RSI is hovering above 50. Resistance will be envisaged around the 1,600. Support will be located around 1,580.

DOLPHIN has surged above the RM0.715 with mild volumes. The MACD indicator is trending higher towards zero, while the RSI is staying above the 50 level – suggesting that the momentum is positive. Price may rally towards the RM0.76-RM0.80 levels. Support will be pegged around RM0.715.

HOMERIZ experienced a breakout above the RM0.96 level with high volumes. The MACD Histogram has extended another green bar, while the RSI is hovering above 50. Price target will be envisaged around the RM1.06-RM1.14 levels. Support will be anchored around the RM0.96 level.

CENTURY has surged above the resistance of the RM0.78 level with mild volumes. The MACD Indicator has issued a “Buy” signal, but the RSI is hovering below the 50 level. Price may rally towards the RM0.83-RM0.87 levels after a short consolidation. Support will be pegged around the RM0.755 level.

Source: M+ Online Research - 9 Sep 2015