The FBM KLCI ended at its intra-day high of 1,678.80 pts after trading within a narrow range throughout the first session of the day. The MACD Indicator is trending positively above zero. Also, the RSI is hovering above 50. Resistance will be located around the 1,680 level. Support will be set around the 1,660 level.

D&O has experienced a short term sideways consolidation breakout above the RM0.35 level with higherthan- average volumes. The MACD Histogram has turned green, but the RSI is overbought. Price may rally towards the RM0.405 and RM0.43 levels after a short consolidation. Support will be anchored around the RM0.335 level.

CENTURY has formed a flag formation breakout above the RM0.89 level with improved volumes. The MACD Indicator is trending positively above zero. The RSI is hovering above 50. Price target will be envisaged around the RM0.95 and RM1.00 levels. Support will be located around RM0.87.

LCTH has trended sideways between the EMA9 and EMA120 levels over the past four trading days without significant volumes. The MACD Line is hovering above zero. The RSI is above 50. Monitor for a breakout above the RM0.61 level, targeting the RM0.63 and RM0.67 levels. Support will be set around the RM0.60 level.

Source: M+ Online Research - 12 Aug 2016