The FBM KLCI gapped down at the start of the session, but managed to recover to end marginally higher at 1,615.01 pts (+1.84 pts). The MACD Histogram, however, extended another red bar but the RSI is above 50. Resistance will be set around 1,660. Support will be located around 1,600.

UMWOG trended sideways over the past week on declining volumes. The MACD Line continues to stay above zero. The RSI, however, is overbought. Monitor for a breakout above the RM1.31 level, targeting the RM1.64 and RM2.00 levels. Support will be pegged around the RM1.22 levels.

PRIVA formed a bullish engulfing bar accompanied by higher-than-average volumes. The MACD Histogram has turned green, but the RSI continues to hover above the 70 level (overbought). Monitor for a breakout above the RM0.27 level, targeting the RM0.315 and RM0.355 levels. Support will be set around RM0.25.

DENKO rebounded off the EMA20 level with mild improvement in volumes. The MACD indicator is trending higher, while the RSI is hovering above 50. Monitor for a breakout above the RM0.32 level; price target will be envisaged around the RM0.375-RM0.41 levels. Support will be anchored around the RM0.30 level.

Source: M+ Online Research - 28 Sep 2015