The FBM KLCI trended higher on the back of the RM20 bln boost by the government into the Malaysian stockmarket. The MACD Histogram extended another green bar, but the RSI is overbought. Resistance will be located around 1,660-1,680. Support will be set around the 1,600 level.

DOLPHIN experienced a short term breakout above the RM0.75 level with mild volumes. The MACD Indicator is trending higher, but the RSI is slightly overbought. Price may rally towards the RM0.80-RM0.835 levels after a short consolidation. Support will be located around the RM0.725 level.

UMWOG has experienced a sideway consolidation breakout above the RM1.10 level with high volumes. The MACD Line is approaching the zero level. The RSI, however, is slightly overbought. Price target will be envisaged around the RM1.29 level. Support will be anchored around the RM1.02 level.

CENTURY surged above the EMA9 with mild improvements in volume. The MACD Indicator is pointing upwards, while the RSI has just crossed above 50. Monitor for a breakout above the RM0.835 level, targeting the RM0.895 and RM0.95 levels. Support will be pegged around the RM0.79 level.

Source: M+ Online Research - 17 Sep 2015