The FBM KLCI ended slightly higher amid a rebound in selected banking and oil & gas index heavyweights. The MACD Line is hovering above zero, while the RSI is hovering above 50. Price may rebound higher towards the 1,695 level. Support will be located around the 1,630 level.

TROP has experienced a flag formation breakout above the RM1.11 level with improved volumes. The MACD Histogram has turned green, but the RSI is slightly overbought. Price may rally towards the target of the RM1.18 and RM1.26 levels. Support will be set around the RM1.07 level.

SPRITZR experienced a sideways consolidation breakout above the RM2.38 level with high volumes. The MACD Indicator has issued a “Buy” signal, while the RSI is above 50. Price target will be pegged around the RM2.50 and RM2.80 levels. Support will be located around the RM2.34 level.

KPSCB continues to see buying interest above the RM0.565 level with higher-than-average volumes. The MACD Indicator has expanded positively above zero, while the RSI is trending higher above 50. Price target will be envisaged around the RM0.61 and RM0.67 levels. Support will be pegged around RM0.55.

Source: M+ Online Research - 29 Feb 2016