Once again, the FBM KLCI rebounded to end above the 1,660 level as banking stocks were focused. The MACD Histogram has turned green, while the RSI hooked above 50. The FBM KLCI may trend higher over the near term towards the psychological level of 1,700. Support will remained at the 1,630 level.

DAYANG experienced a flag formation breakout above the RM1.31 level with higher-than-average volumes. The MACD Line is trending positively above zero, but the RSI is overbought. Price may rally towards the target of the RM1.40-RM1.56 levels after a short consolidation. Support will be set around the RM1.26 level.

POHKONG experienced a short term consolidation breakout above the RM0.55 level with improved volumes. The MACD Indicator expanded positively above zero. The RSI is hovering above 50. Price target will be envisaged around the RM0.575 and RM0.60 levels. Support will be pegged around the RM0.54 level.

EITA gapped up and ended above the RM1.38 level with higher-than-average volumes. The MACD Indicator stayed strongly above the zero level, but the RSI is slightly overbought. Price may rally towards the RM1.59 level after a short consolidation. Support will be set around the RM1.35 level.

Source: M+ Online Research - 2 Mar 2016