The FBM KLCI continues to trend below the trendline of the 1,700 level. The MACD Histogram has turned red and the RSI is weakening towards the 50 level. The FBM KLCI may pullback further towards the support of 1,630, followed by the 1,600 level. Meanwhile, the main resistance will be set around 1,700.

KIALIM experienced a flag formation breakout with higher-than-average volumes. The MACD Indicator is recovering below the zero level, while the RSI has hooked above 50. Price target will be envisaged around the RM0.85-RM0.925 levels. Support will be located around the RM0.66 level.

KKB has trended sideways between the RM1.73 and RM1.78 levels over the past week. The MACD Line is hovering above zero, while the RSI is above 50. Monitor for a breakout above the RM1.78 level, targeting the RM1.92 and RM2.10 levels. Support will be anchored around the RM1.70 level.

CENSOF might be on a technical rebound phase as trading volumes have picked up over the past five trading days. The MACD Indicator is recovering towards the zero level, while the RSI is hovering above 50. Monitor for a breakout above the RM0.285 level, targeting the RM0.315-RM0.335 levels. Support will be set around RM0.265.

Source: M+ Online Research - 24 Feb 2016