The FBM KLCI has pullback below the EMA9 level amid profit taking activities after a strong bullish candle was formed two trading days ago. The MACD Histogram extended another green bar, but the RSI is hovering below 50. Resistance will be capped around the 1,660 level. Support will be located at the 1,600 level.

SYMLIFE formed a bullish engulfing bar with higher-than-average volumes. The MACD Indicator has issued a “Buy” signal, while the RSI has crossed above 50. Price may rally towards the RM0.845 and RM0.885 levels after a short term retracement. Support will be anchored around the RM0.775 level.

SEACERA formed a breakout-pullback-continuation pattern above the RM0.78 level with improved volumes. The MACD Histogram has turned green, but the RSI is overbought. Monitor for a breakout above the RM0.85 level, targeting the RM1.00 level. Support will be set around the RM0.78.

BRAHIMS rebounded off the RM1.04 level with mild improvements in volumes. The MACD Indicator expanded positively above zero. The RSI, however, is overbought. Price may rally towards the RM1.17 and RM1.37 levels after a short consolidation. Support will be pegged around the RM1.04 level.

Source: M+ Online Research - 21 Dec 2015