After retesting the neckline of the 1,692 resistance level, the FBM KLCI ended lower last Friday. The MACD Histogram, however, extended another green bar. The RSI has tripped below 70. We maintain our view that the FBM KLCI’s upside will be limited to around 1,700 points. Support will be pegged around 1,660.

GBGAQRS has surged above the EMA20 level with higher-than-average volumes. The MACD Histogram has turned green, while the RSI trended higher above 50. Monitor for a breakout above RM0.90, targeting the RM0.965-RM1.00 levels. Support will be anchored around the RM0.86 level.

OCNCASH experienced a flag formation breakout above the RM0.345 level with improved volumes. The MACD Histogram has turned green, while the RSI is hovering above 50. Price target will be envisaged around the RM0.375-RM0.385 levels. Support will be set around the RM0.33 level.

LCTH has experienced a flag formation breakout above the RM0.64 level with improved volumes. The MACD Indicator has expanded positively above zero, while the RSI is hovering above 50. Monitor for a breakout above the RM0.64 level, targeting the RM0.70 and RM0.775 levels. Support will be pegged around the RM0.61 level.

Source: M+ Online Research - 21 Sep 2015