Follow-through selling pressure was noted on the FBM KLCI and it ended below the EMA9 level. The MACD Histogram extended another red bar, but the RSI is hovering above 50. The FBM KLCI may be due for a technical rebound towards the resistance of 1,650. Meanwhile, the support will be set around 1,600.

IFCAMSC has formed a flag formation breakout above the RM0.84 level with high volumes. The MACD Line is hovering above the zero level, but the RSI is overbought. Price may rally towards the target of the RM1.00 level after a short consolidation. Support will be anchored around the RM0.80 level.

GKENT has experienced a pennant formation breakout above the RM1.44 level with higher-than-average volumes. The MACD indicator has expanded positively above zero. The RSI, however, is overbought. Price target will be envisaged around the RM1.67 and RM1.96 levels. Support will be set around the RM1.37 level.

IKHMAS has surged above the resistance of the RM0.68 level with improved volumes. The MACD Line has crossed above zero, but the RSI is overbought. Price may rally towards the RM0.75 and RM0.79 levels after a short consolidation. Support will be located around the RM0.66 level.

Source: M+ Online Research - 23 Sep 2015