Follow-through buying support was noted on the FBM KLCI and it ended higher above the 1,630 level on Friday. The MACD Line is trending higher towards the zero level. The RSI is hovering above 50. The key index may trend higher towards the 1,660 level. Support will be located around the 1,600 level.

KEURO has broken above the RM0.92 level with high volumes. The MACD Line is hovering above zero, but the RSI is below 50. Price may rally towards the RM0.99 and RM1.01 levels after a short consolidation. Support will be pegged around the RM0.92 level.

XINHWA has experienced a consolidation breakout above the RM1.02 level with mild volumes. The MACD Line has crossed above zero. The RSI is trending above the 50 level. Price may rally towards the RM1.13 and RM1.17 levels after a short consolidation. Support will be anchored around the RM0.995 level.

YOCB has formed a bullish engulfing bar with higher-than-average volumes. The MACD Line is hovering above zero, but the RSI is overbought. Monitor for a breakout above the RM1.10 level, targeting the RM1.15 and RM1.24 levels. Support will be pegged around the RM1.04 level.

Source: M+ Online Research - 6 June 2016