Once again, the FBMKLCI managed to end above the 1,630 level amid healthy buying interest. The MACD Histogram has turned green, while the RSI has crossed above 50. Monitor for a follow-through buying interest towards the 1,640-1,660 levels. Support will be located around the 1,610 level.

GDEX has broken out above the trendline with higher-than-average volumes. The MACD Indicator has crossed above the zero line, while the RSI is hovering above the 50 level. Price target will be envisaged around the RM1.69 and RM1.80 levels. Support will be located around the RM1.52 level.

SIGN has formed a bullish engulfing candle above the EMA9 level with higher-than-average volumes. The MACD Histogram has turned green, while the RSI is trending positively above 50. Monitor for a breakout above the RM1.14 level, targeting the RM1.34 level. Support will be set around the RM1.08 level.

CRESBLD experienced a strong surge above the RM0.94 level with high volumes. The MACD Indicator has flashed a “Buy” signal, while the RSI is hovering above 50. Price may extend its uptrend towards the RM1.11 level. Support will be anchored around the RM0.92 level.

Source: M+ Online Research - 3 June 2016