The FBM KLCI continues to trend higher above the EMA20 level amid strong buying interest within selected index heavyweights like Genting and Genting Malaysia recently. The MACD Histogram extended another green bar, while the RSI is above 50. Resistance will be pegged around 1,660. Support will be set around 1,580.

HUPSENG continues to stay above the EMA9 level over the past few trading days accompanied by mild improvement in volumes. The MACD Line is approaching zero, but the RSI is marginally below 50. Price may rally towards the RM1.33-RM1.40 levels after a short consolidation. Support will be located around RM1.15.

PRLEXUS experienced a breakout above the RM2.30 level with improved volumes. The MACD Indicator continues to trend higher, while the RSI is staying above 50. Price may rally towards the RM2.54-RM2.60 levels after a short consolidation. Support will be pegged around the RM2.30 level.

PENSONI has surged higher above the RM0.515 level with mild volumes. The MACD Indicator is suggesting that the uptrend is intact, while the RSI is hovering above 50. Price target will be envisaged around the RM0.55-RM0.61 levels. Support will be located around the RM0.485 level.

Source: M+ Online Research - 11 Sep 2015