The FBM KLCI snapped a two-day winning streak and ended marginally lower. The MACD Histogram has extended another green bar, while the RSI has crossed above 30. The FBM KLCI could rebound higher towards the 1,660 level. Support will be pegged around the 1,600 level.

DUFU experienced a flag formation breakout above the RM0.53 level with improved volumes. The MACD Indicator has expanded positively above zero. The RSI, however, is overbought. Price may rally towards the RM0.59 and RM0.65 levels after a short consolidation. Support will be anchored around the RM0.515 level.

ARANK experienced a pennant formation breakout above the RM0.78 level with high volumes. The MACD Histogram has turned green, but the RSI is overbought. Price target will be envisaged around the RM0.88 and RM0.92 levels. Support will be located around the RM0.765 level.

HIL experienced a flag formation breakout above the RM0.82 level with higher-than-average volumes. The MACD Histogram turned green. The RSI, however, is overbought. Price may rally towards the RM0.905 and RM0.975 levels after a short consolidation. Support will be set around the RM0.78 level.

Source: M+ Online Research - 20 May 2016