The FBM KLCI continues to trend higher above the EMA9 level, breaching mildly above the 1,726 level. The MACD Histogram has turned green, while the RSI is hovering above 50. The FBM KLCI may retest the immediate resistance of the 1,730 level. Support will be pegged around the 1,700 level.

BRAHIMS has formed a bullish engulfing bar with improved volumes after a four-day pullback. The MACD indicator is trending higher towards the zero level. The RSI has hooked above 50. Price may rally towards the RM1.00 and RM1.10 levels. Support will be pegged around the RM0.91 level.

XINHWA has experienced a sideways consolidation breakout above the RM1.02 level with improved volumes. The MACD indicator is trending higher and approaching the zero level. The RSI is hovering above 50. Monitor for a breakout above the RM1.04 level, targeting the RM1.13 level. Meanwhile, support will be located around the RM1.00 level.

GOB has experienced a short term consolidation breakout above the RM0.505 level with higher-than-average volumes. The MACD Indicator expanded positively above the zero level, while the RSI is hovering above the 50 level. Price may rally towards the RM0.58-RM0.63 levels after a short consolidation. Support will be anchored around the RM0.48 level.

Source: M+ Online Research - 18 Apr 2016