The FBM KLCI ended below 1,700 and the EMA9 level; indicating that the FBM KLCI could be due for a pullback formation. The MACD Indicator has issued a “Sell” signal, while the RSI has tripped below 70. The FBM KLCI’s upside will be limited to around the 1,720-1,740 levels. Support will be set around 1,660.

SOLID has experienced a sideways consolidation breakout above the RM1.80 level with higher-than-average volumes. The MACD Histogram has turned green, but the RSI is slightly overbought. Price may rally towards the RM2.00 level after a short consolidation. Support will be pegged around the RM1.76 level.

IBHD has trended sideways over the past month between the RM0.53-RM0.55 levels. The MACD Indicator is trending higher above zero, while the RSI is hovering above the 50 level. Monitor for a breakout above the RM0.55 level, targeting the RM0.615 and RM0.695 levels. Support will be located around RM0.53.

TUNEPRO has surged above the EMA60 level after rebounding off the EMA9 level two trading days ago. The MACD Line is hovering above zero, but the RSI is slightly overbought. Monitor for a breakout above RM1.43, targeting the RM1.50 and RM1.68 levels. Support will be anchored around the RM1.35 level.

Source: M+ Online Research - 28 Oct 2015