The FBM KLCI rebounded off near the 1,620 level over the past two trading days. The MACD Line is still hovering above the Signal Line. The RSI, however, has crossed below 50. As both the indicators are mixed, the FBM KLCI is likely to trend sideways around the 1,630 level over the near term. Next support will be located around the 1,610 level.

SUPERLN experienced a flag formation breakout above the RM2.10 level with higher-than-average volumes. The MACD Indicator has expanded positively above zero, but the RSI is slightly overbought. Price may rally towards the RM2.30 and RM2.40 levels after a short consolidation. Support will be located around the RM2.05 level.

COMCORP has rebounded off the EMA9 level with improved volumes. The MACD Indicator has expanded positively above zero. The RSI, however, is slightly overbought. Price target will be envisaged around the RM0.91 and RM1.00 levels. Support will be located around the RM0.76 level.

OLDTOWN has trended sideways over the past two weeks between the RM1.78-RM1.85 levels. The MACD Line is hovering above zero. The RSI, however, is overbought. Monitor for a breakout above the RM1.85 level, targeting the RM2.00 and RM2.20 levels. Support will be set around the RM1.78 level.

Source: M+ Online Research - 15 June 2016