The FBM KLCI continues to trend sideways and marginally above the 1,700 psychological level. The MACD Histogram, however, has turned red and the RSI is overbought. The FBM KLCI may retest the 1,744 level after a mild consolidation. The support will be located around the 1,660 level.

COMCORP experienced a short-term consolidation breakout above the RM0.305 level with improved volumes. The MACD Histogram has turned green, while the RSI is hovering above 50. Price target will be envisaged around the RM0.33 and RM0.365 levels. Support will be pegged around the RM0.29 level.

MIKROMB trended sideways between the RM0.35-RM0.375 levels over the past three weeks. The MACD Histogram has turned green, while the RSI is trending above the 50 level. Monitor for a breakout above the RM0.375 level, targeting the RM0.42 and RM0.455 levels. Support will be set around the RM0.35 level.

CENSOF experienced a strong sideways consolidation breakout above the RM0.28 level with high volumes. The MACD Indicator trended positively above zero, while the RSI has rebounded off 50. Price may rally towards the RM0.32-RM0.345 levels over the near term. Support will be anchored around the RM0.265 level.

Source: M+ Online Research - 15 Oct 2015