The FBM KLCI ended lower led by Genting Bhd, but the key index managed to stay above the EMA9 level last Friday. The MACD Histogram has turned red, while the RSI stood at 50. The FBM KLCI may trend sideways over the near term between the support of the 1,700 level towards the resistance of the 1,730 level.

JHM has trended sideways and retested the RM0.475 immediate resistance level last Friday with higherthan-average volumes. The MACD Indicator has expanded positively above zero. The RSI, however, is hovering below 50. Monitor for a breakout above the RM0.475 level, targeting the RM0.52-RM0.565 levels. Support will be set around the RM0.46 level.

DRBHCOM rebounded off the EMA20 level and closed above the EMA9 level, forming a potential flag formation breakout over the near term. The MACD Indicator expanded positively above zero, while the RSI is approaching the 50 level. Price target will be envisaged around the RM1.18-RM1.30 levels. Support will be located around the RM1.02 level.

JCY consolidated sideways over the past three trading days near the EMA20 level with mild volumes. The MACD Line is hovering above zero and the RSI is trending positively above 50. Monitor for a breakout above the RM0.755 level, targeting the RM0.835 level. Support will be anchored around the RM0.72 level.

Source: M+ Online Research - 11 Apr 2016