Despite the FBM KLCI trading mostly in the negative territory on Monday, it managed to end marginally higher by 0.41 pts to 1,686.11 pts. The MACD Histogram extended another green bar, while the RSI is hovering above 30. Resistance will be set around 1,700. Support will be located around 1,660.

BDB has experienced a strong resistance breakout above the RM0.70 level with improved volumes. The MACD Indicator has issued a “Buy” signal. The RSI, however, is overbought. Price may rally towards the RM0.785 and RM0.85 levels after a short consolidation. Support will be located around the RM0.675 level.

LEONFB trended sideways after a breakout above the RM0.465 level two weeks ago. The MACD Line continues to trend above the zero level. The RSI is hovering above 50. Monitor for a breakout above the RM0.495 level, targeting the RM0.57-RM0.605 levels. Support will be located around the RM0.465 level.

OCK trended sideways between the RM0.79 and RM0.825 levels over the past two weeks. The MACD Line is hovering above zero, while the RSI hooked up strongly above 50. Monitor for a breakout above the RM0.825 level, targeting the RM0.90-RM0.94 levels. Support will be anchored around the RM0.79 level.

Source: M+ Online Research - 11 Nov 2015