Although the FBM KLCI rebounded off the intra-day low of the 1,713 level (EMA9), it still ended in the negative territory. The MACD Histogram has turned red, but the RSI is hovering above 50. Resistance will be located around the 1,730 level. Support will be pegged around the 1,700 level.

BIG experienced a short term consolidation breakout above the RM0.69 level with higherthan-average volumes. The MACD Indicator  has issued “Buy” signal, while the RSI is hovering above 50. Price may rally towards the RM0.795 level, followed by RM0.90. Support will be pegged around the RM0.69 level.

FITTERS experienced a sideways consolidation breakout above the RM0.46 level with high volumes. The MACD Histogram has turned green, while the RSI is trending positively above 50. Price target will be envisaged around the RM0.485 and RM0.50 levels. Support will be pegged around the RM0.445 level.

YILAI rebounded off the EMA20 level with high volumes, forming a bullish candle. The MACD Histogram has turned green, but the RSI has hooked below 50. Price may rally towards the RM1.07 and RM1.12 levels after a short term pullback. Support will be anchored around the RM0.95 level.

Source: M+ Online Research - 1 Apr 2016