The FBM KLCI trended marginally higher on Friday, but the candle is hovering below the EMA9 level. The MACD Line has dipped below zero. Nevertheless, the RSI is hovering above 50. The FBM KLCI’s upside could be capped around the 1,695-1,700 levels. Support will be located around the 1,600-1,630 levels.

SIGGAS has been hovering above the EMA9 level over the past week. The MACD Histogram is positive, in tandem with the MACD Line’s movement. The RSI is staying above 50. Monitor for a breakout above the RM0.59 level, targeting the RM0.695 level. Support will be pegged around the RM0.57 level.

CENBOND experienced a resistance breakout above the RM1.54 level accompanied by higher-than-average volumes. The MACD Indicator has expanded positively above zero. The RSI is hovering above 50. Price is likely to rally towards the RM1.80 level after a mild retracement. Support will be set around RM1.48.

FPI trended sideways between the RM0.865-RM0.90 levels with lower volumes. The MACD Histogram has turned green, while the RSI is trending higher above the 50 level. Monitor for a breakout above the RM0.90 level, targeting the RM1.00 level. Support will be located around the RM0.865 level.

Source: M+ Online Research - 11 Jan 2016