The FBM KLCI rebounded higher as banking and selected oil and gas heavyweights were focused. The MACD Histogram has turned green, while the RSI has crossed above 50. The FBM KLCI could trend higher towards the 1,695-1,700 levels. Support will be set around 1,660.

MEDIA has rebounded off the RM1.34 level two weeks ago; the MACD Indicator continues to trend higher, while the RSI has crossed above 50. Monitor for a consolidation breakout above the RM1.46 level, targeting the RM1.71 level. Support will be anchored around the RM1.34 level.

JCY has rebounded off the EMA20 level with higher-than-average volumes. The MACD Histogram has turned green, while the RSI has crossed above 50. Price may rally and breakout above the RM0.91 level to trend higher towards the price target of RM1.10. Support will be set around the RM0.85 level.

DBHD experienced a short term breakout above the RM0.895 level with improved volumes. The MACD Histogram has turned green, but the RSI is hovering below 50. Price could rally towards the RM1.08 and RM1.19 levels after a short consolidation. Support will be pegged around the RM0.845 level.

Source: M+ Online Research - 2 Dec 2015