The FBM KLCI retreated as it neared the 1,730 level on the back of profit taking activities. The MACD Histogram has turned red, while the RSI has tripped below the 70 level. The FBM KLCI may extend its consolidation phase towards the 1,700 support level. Meanwhile, the next resistance will be set around the 1,740 level.

GHLSYS has trended sideways above the EMA20 level without significant volumes. The MACD Histogram has turned green, but the RSI is hovering below 50. Monitor for a breakout above the RM0.90 level, targeting the RM1.00 level. Support will be envisaged around the RM0.87 level.

TNLOGIS trended sideways after the price breakout above the RM1.26 level five trading days ago. The MACD Line is hovering above zero, while the RSI has rebounded off the 50 level. Monitor for a breakout above the RM1.29 level, targeting the RM1.39 level. Support will be pegged around the RM1.26 level.

HWATAI formed a bullish engulfing bar in the weekly chart with mild volumes. The MACD Indicator has expanded positively above zero, while the RSI has hooked above 50. Monitor for a breakout above the RM0.455 level, targeting the RM0.575 level. Support will be located around the RM0.40 level.

Source: M+ Online Research - 25 Mar 2016