The FBM KLCI continues its downwards formation for a fifth consecutive session. The MACD Histogram has extended another red bar and the RSI is oversold. The key index may be due for a rebound near the 1,660 support level. Meanwhile, the resistance on the FBM KLCI will be located around the 1,700 level.

SYF has experienced a trendline breakout above the RM0.475 level with higher-than-average volumes. The MACD Indicator continues to trend higher over the past week. Price may rally towards the RM0.50-RM0.53 levels after a short consolidation. Support will be pegged around the RM0.465 level.

TGUAN has experienced a short term breakout above the RM2.07 with high volumes. The MACD Indicator has expanded positively above zero. The RSI, however, is overbought. Price target will be envisaged around the RM2.20-RM2.31 levels. Support will be set around the RM2.02 level.

JAKS has experienced a sideways consolidation breakout above the RM1.17 level with improved volumes. The MACD Line is above zero, while the MACD Histogram has extended another green bar. The RSI is hovering above 50. Price may rally towards the RM1.34 level. Support will be pegged around the RM1.12 level.

Source: M+ Online Research - 2 Nov 2015