After the budget revision yesterday, the FBM KLCI traded on a mixed note and ended marginally higher by 2.99 pts to 1,634.53 pts. The MACD Line is approaching the Signal Line. The RSI is trending towards the 50 level. The FBM KLCI may rebound further towards the 1,660 level. Support will be set around 1,600.

YEN has experienced a sideways consolidation breakout above the RM0.48 level with higher-than-average volumes. The MACD Indicator is trending positively above zero. The RSI is hovering above 50. Price may rally further towards the RM0.525 and RM0.60 level. Support will be pegged around the RM0.45 level.

PRIVA has experienced a short term consolidation breakout above the RM0.20 level with higher-than-average volumes. The MACD Line is pointing upwards, while the RSI has hooked above 30. Price target will be envisaged around the RM0.235-RM0.255 levels. Support will be anchored around the RM0.19 level.

KRETAM rebounded off the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI has rebounded off the 50 level. Monitor for a breakout above the RM0.525 level, targeting the RM0.615 to RM0.65 levels. Support will be pegged around the RM0.49 level.

Source: M+ Online Research - 29 Jan 2016