The FBM KLCI has pulled back below the EMA9 after revisiting near the 1,730 level last Wednesday. The MACD Histogram extended another red bar, while the RSI is trending lower towards 50. Next resistance will be located around the 1,740 level. Meanwhile, the support will be set around 1,700.

OKA experienced a breakout above the RM0.965 level and followed by a sideways consolidation phase near the RM1.00 level. The MACD Indicator continues to expand above the zero level. Price target will be envisaged around the RM1.07 level. Support will be pegged around the RM0.935 level.

GKENT experienced a flag formation breakout above the RM1.72 level with improved volumes. The MACD Histogram has turned green. The RSI, however is overbought. Monitor for a breakout above the RM1.77 level, targeting the RM2.04 level. Support will be pegged around the RM1.67 level.

MUDAJYA experienced a short term consolidation breakout above the RM1.30 level with higher-than-average volumes. The MACD Line expanded positively above zero, but the RSI is overbought. Price may rally towards the RM1.52 level after a short consolidation. Support will be anchored around the RM1.25 level.

Source: M+ Online Research - 28 Mar 2016