The FBM KLCI rebounded off the 1,696 level forming a bullish candle above the EMA20 level. The MACD Histogram has turned green, while the RSI has rebounded off the 50 level. The FBM KLCI may rally higher towards the 1,730 level. Support will be anchored around the 1,690 level.

EATECH experienced a flag formation breakout above the RM1.18 level with high volumes. The MACD Indicator expanded positively above zero, but the RSI is approaching the overbought zone. Price may rally towards the RM1.28-RM1.34 levels. Support will be pegged around the RM1.16 level.

MRCB trended sideways after the breakout two weeks ago and the volumes has started to pick up yesterday. The MACD Histogram has turned green, while the RSI is hovering above 50. Monitor for a breakout above the RM1.22, targeting the RM1.27 and RM1.33 levels. Support will be set around the RM1.19 level.

FAJAR experienced a short term consolidation breakout above the RM0.575 level with improved volumes. The MACD Indicator has expanded positively above zero. The RSI is hovering above 50. Price target will be envisaged around the RM0.62-RM0.66 levels. Support will be located around the RM0.56 level.

Source: M+ Online Research - 30 Mar 2016