The FBM KLCI has rebounded strongly after the Fed’s interest rate hike. The MACD Histogram has extended another green bar, while the RSI has hooked above 30. The FBM KLCI may retest the 1,660-1,695 levels over the near term. Support will be pegged around the 1,600 level.

ASDION has experienced a breakout above the RM0.50 level with higher-than-average volumes. The MACD Histogram has turned green, while the RSI is trending higher and above 50. Resistance is located around RM0.76. Support will be set around RM0.45.

FUTUTEC experienced a short term breakout above the RM1.60 level with improved volumes. The MACD Indicator has issued a “Buy” signal, while the RSI has hooked above 50. Price may rally towards the RM1.80-RM2.00 levels. Support will be anchored around the RM1.55 level.

TECGUAN experienced a sideways consolidation breakout above the RM1.62 level accompanied strong volumes. The MACD Indicator is trending higher, while the RSI has crossed above 50. Price target will be envisaged around the RM1.86-RM2.00 levels. Support will be pegged around the RM1.50 level.

Source: M+ Online Research - 18 Dec 2015