The FBM KLCI has been trending sideways between the 1,700-1,725 level over the past month. The MACD Line is hovering below the Signal Line, but the MACD Histogram extended another green bar. The RSI is above 50. The FBM KLCI may retest the immediate resistance around the 1,730 level over the near term. Meanwhile, support will be envisaged around the 1,700 level.

AMPROP has trended sideways around the trendline of the RM0.92 level over the past two trading days with higher-than-average volumes. The MACD Indicator has issued a “Buy” signal, while the RSI is trending positively above zero. Monitor for a breakout above the RM0.96 level, targeting the RM0.99-RM1.03 levels over the near term. Support will be pegged around the RM0.90 level.

ARANK has experienced a sideways consolidation breakout above the RM0.655 level with higher-thanaverage volumes. The MACD Indicator has trended positively above zero, while the RSI is hovering above the 50 level. Price target will be envisaged around the RM0.73 and RM0.76 levels. Support will be pegged around the RM0.635 level.

HOHUP could be forming a potential Breakout-Pullback-Continuation pattern above the RM0.855 level. The MACD Histogram has turned green, while the RSI is approaching 50. Monitor for a breakout above the RM0.90 level, price target will be located around the RM0.965 level. Support will be anchored around the RM0.855 level.

Source: M+ Online Research - 15 Apr 2016