Despite the positive performance following the rebound of the Dow on Thursday, the FBM KLCI trended lower and violated the 1,630 level on Friday. The MACD Histogram extended another red bar. The RSI is hovering below 50. Resistance will be pegged around 1,660. Meanwhile, the support will be set around 1,600.

CSCSTEL has rebounded off the RM1.10 level towards the RM1.15 level. The MACD Indicator has expanded positively above the zero level, but the RSI is overbought. Monitor for a breakout above the RM1.15 level, targeting the RM1.25-RM1.30 levels. Support will be anchored around the RM1.10 level.

PTARAS experienced a trendline breakout above the RM3.50 level with high volumes. The MACD Line has crossed above zero, while the RSI has trended positively above the 50 level. Price may rally towards the RM4.00-RM4.27 levels after a short consolidation. Support will be located around the RM3.48 level.

VOIR has trended sideways between the RM0.69-RM0.745 levels over the past two weeks. The MACD Histogram has turned green, while the RSI is hovering above the 50 level. Monitor for a breakout above the RM0.745 level, targeting the RM0.90 level. Support will be set around the RM0.695 level.

Source: M+ Online Research - 18 Jan 2016