The FBM KLCI snapped its three-day winning streak after retesting the 1,700 level. The MACD Histogram, however extended another green bar. Nevertheless, the RSI is hovering below 50. Resistance will be pegged around 1,700-1,720. Support will be anchored around the 1,660 level.

MBSB has experienced a strong resistance breakout above the RM1.53 level with improved volumes. The MACD Line has turned higher, but the RSI has crossed into the overbought region. Price may rally towards the RM1.80 and RM1.93 levels after a short consolidation. Support will be set around RM1.58.

MATRIX has experienced a flag formation breakout above the RM2.47 level with higher-than-average volumes. The MACD Indicator is trending higher, but the RSI is overbought. Price may rally towards the targets of RM2.67 and RM2.81 after a mild retracement. Support will be located around RM2.42.

VITROX surged above the resistance of the RM3.07 level with improved volumes. The MACD Line is hovering above zero, while the MACD Histogram has extended another green bar. The RSI has hooked above 50. Price target will be envisaged around the RM3.25 and RM3.53 levels. Support will be located around the RM2.98 level.

Source: M+ Online Research - 9 Nov 2015