Once again, the FBM KLCI ended above the 1,700 psychological level after the Fed left interest rates unchanged. The MACD Histogram has turned green, while the RSI continues to stay above 50. Next resistance will be located around the 1,730 level. Support will be set around 1,660.

TRC could be forming a Breakout-Pullback-Continuation pattern above the RM0.395 level with high volumes. The MACD Indicator expanded positively above zero, while the RSI is above 50. Price may rally towards the price target of the RM0.43-RM0.46 levels. Support will be anchored around the RM0.38 level.

THETA has experienced a flag formation breakout above the RM0.37 level with higher-than-average volumes. The MACD Histogram has turned green, while the RSI is trending higher above 50. Price target will be envisaged around the RM0.48 level. Support will be set around the RM0.35 level.

BHS formed a flag pattern breakout above the RM0.515 level with higher-than-average volumes. The MACD Indicator has expanded positively above zero. The RSI, however, is overbought. Price may rally towards the target of the RM0.57 and RM0.595 levels after a mild pullback. Support will be pegged around the RM0.50 level.

Source: M+ Online Research - 18 Mar 2016