The FBM KLCI ended below the 1,660 level last Friday. The MACD Line also tripped below zero and the MACD Histogram extended another red bar. However, the RSI is hovering within the oversold region. The FBM KLCI may be due for a rebound towards the 1,700 level. Support will be set around the 1,600 level.

REDTONE has formed a Breakout-Pullback-Continuation pattern above the RM0.65 level with higher-than-average volumes. The MACD Line is hovering above zero, while the RSI is staying above 50. Price may rally towards the RM0.73-RM0.78 levels. Support will be pegged around the RM0.65 level.

BAHVEST continues to stay above the EMA20 level after the breakout last week. The MACD Histogram has turned green, but the RSI has tripped below 50. Price is likely to rally towards the RM1.00-RM1.02 levels after a short consolidation. Support will be anchored around the RM0.92 level.

INSAS has experienced a flag formation breakout above the RM0.845 level with improved volumes. The MACD Indicator has expanded positively above zero, while the RSI has surpassed the 50 level. Price could rally towards the RM0.975 and RM1.05 levels over the near term. Support will be set around RM0.82.

Source: M+ Online Research - 16 Nov 2015