The FBM KLCI snapped a three-day winning streak to end slightly below the EMA20 level. The MACD Histogram has turned red, but the RSI is still hovering above 50. Resistance will be pegged around the 1,660 level. Meanwhile, the support will be located around the 1,560-1,580 levels

SKPRES continues to trend higher above the EMA9 level with higher-than-average volumes. The MACD Indicator has issued a “Buy” signal. The RSI, however, is threading below 50. Price may rally towards the RM1.48-RM1.58 levels after a short consolidation. Support will be set around the RM1.30 level.

SCGM experienced a symmetrical triangle breakout above the RM2.50 level with high volumes. The MACD Histogram has flashed a “Buy” signal, while the RSI is hovering around 50. Monitor for a breakout above the RM2.57 level, targeting the RM2.80-RM3.00 levels. Support will be located around the RM2.35 level.

GADANG could be forming a breakout-pullback-continuation pattern above the RM1.22 level. The MACD Line is trending higher towards zero. The RSI, however, is below 50. Price may rally towards the RM1.32-RM1.36 levels after a short consolidation. Support will be pegged around the RM1.19 level.

Source: M+ Online Research - 14 Sep 2015