The FBM KLCI traded within the negative territory throughout the whole session yesterday and continues to stay below the EMA9 level. The MACD Line is hovering below zero, while the RSI is hovering below the 50 level. The FBM KLCI’s upside is capped around the 1,630 level. Support will be located around the 1,600 level.

OKA has surged above the EMA9 level with improved volumes. The MACD Histogram has turned green, while the RSI is trending positively above 50. Price target will be envisaged around the RM1.12 and RM1.20 levels. Support will be anchored around the RM1.05 level.

CAREPLS has been trending sideways between the RM0.40-RM0.42 levels over the past three weeks. Monitor for a breakout above the RM0.42 level, targeting the RM0.44 and RM0.455 levels. Support will be pegged around the RM0.40 level.

RAYA has experienced a breakout above the RM0.26 level with higher-than-average volumes. The MACD Indicator expanded positively above the zero level. The RSI is hovering above 50. Price may rally towards the RM0.29 and RM0.36 levels. Support will be set around the RM0.245 level.

Source: M+ Online Research - 25 May 2016