The FBM KLCI has pulled back below the EMA9 level last Friday amid the slight weakening in crude oil prices. The MACD Histogram has extended another red bar. Nevertheless, the RSI is hovering above 50. Resistance will be pegged around the 1,730-1,740 levels. Support will be located near the 1,700 level.

PRG has experienced a consolidation breakout above the RM1.08 level with improved volumes. The MACD has issued a “Buy” signal, but the RSI is overbought. Price may rally towards the RM1.18-RM1.25 levels after a short consolidation. Meanwhile, the support will
be pegged around the RM1.05 level.

VIVOCOM experienced a sideways consolidation breakout above the RM0.275 level with mild volumes. The MACD Histogram has turned green, in tandem with the MACD Line’s movement. The RSI has rebounded off the 50 level. Price target will be envisaged around the RM0.305 and RM0.335 levels. Support will be set around the RM0.265 level.

PRTASCO experienced a trendline breakout above the RM1.54 level with higher-thanaveragevolumes. The MACD indicator has expanded positively above zero, but the RSI is slightly overbought. Price may rally towards the RM1.63 and RM1.74 levels after a short consolidation. Support will be anchored around the RM1.54 level.

Source: M+ Online Research - 4 Apr 2016