Following the strong surge on Friday, the FBM KLCI has taken a mild pullback below the 1,660 level. The MACD Line is hovering below zero, but the RSI is hovering above 50. The key index may retrace further towards the 1,630 level. Next support will be pegged around the 1,600 level.

MEDIAC has experienced a short-term consolidation breakout above the RM0.655 level with improved volumes. The MACD Indicator expanded positively above zero, while the RSI is trending above 50. Price may rally towards the RM0.685 and RM0.72 levels. Support will be located around the RM0.63 level.

BIG has surged strongly above the RM0.66 level with high volumes. The MACD Indicator is recovering above zero, while the RSI has hooked above 50. Price is likely to rally towards the RM0.795 and RM0.935 levels over the near term. Meanwhile, the support will be anchored around the RM0.62 level.

NTPM noted a mild breakout above the EMA9 level (RM0.925 level) with improved volumes. The MACD Histogram has turned green, while the RSI has crossed above 50. Price target will be envisaged around the RM1.01-RM1.10 levels. Support will be pegged around the RM0.90 level.

Source: M+ Online Research - 3 Feb 2016