The FBM KLCI retested the 1,700 level, but was unable to close above the psychological level. The MACD Histogram continues to extend another green bar, while the RSI is hovering above 50. Resistance will be envisaged around the 1,730 level. Meanwhile, support will be located around the 1,660 level.

VOIR has pulled back towards the EMA9 without significant volumes. The MACD Line is hovering above zero. The RSI, however is overbought. Monitor for a flag formation breakout above the RM0.76 level, targeting the RM0.815 level. Support will be set around the RM0.73 level.

STAR experienced a consolidation breakout above the RM2.40 level with improved volumes. The MACD Line has crossed above zero, but the RSI is slightly overbought. Price may rally towards the RM2.53 and RM2.71 levels after a short term consolidation. Support will be pegged around RM2.35.

ECS experienced triangle formation breakout above the RM1.61 level with higher-than-average volumes. The MACD Indicator has expanded positively above zero, while the RSI has hooked above 50. Price target will be envisaged around the RM1.71-RM1.80 levels. Support will be anchored around RM1.54.

Source: M+ Online Research - 7 Mar 2016