The FBM KLCI continues to trend positively above the 1,700 psychological level. The MACD Indicator has gained traction above the zero level, but the RSI is overbought. The FBM KLCI might rally above the 1,730 level after a short consolidation. Support will be envisaged around the 1,700 level.

YONGTAI has experienced a flag formation breakout with higher-than-average volumes. The MACD Histogram has turned green, while the RSI has crossed above 50. Monitor for a breakout above the RM0.83 level, targeting the RM0.95-RM1.00 levels. Support will be pegged around the RM0.785 level.

CSCSTEL experienced a short term consolidation breakout above the RM1.33 level with improved volumes. The MACD Histogram has turned green, but the RSI is slightly overbought. Price may rally towards the RM1.45-RM1.50 levels after a short consolidation. Support will be set around the RM1.28 level.

CWORKS trended sideways between the RM0.64-RM0.675 levels without significant volumes. The MACD Line is hovering above zero and the RSI is staying above 50. Monitor for a breakout above the RM0.675 level, targeting the RM0.735 and RM0.80 levels. Support will be located around the RM0.64 level.

Source: M+ Online Research - 23 Mar 2016