The FBM KLCI rebounded to close higher and formed a hammer candle, snapping the five-day losing streak. The MACD Histogram has turned green, but the RSI is below 50. The FBM KLCI may rebound higher towards the 1,660 level over the near term. Support will be set around the 1,630 level.

SUPERLN has experienced a breakout above the RM2.20 level with improved volumes. The MACD Indicator expanded positively above zero, but the RSI is slightly overbought. Price may rally towards the RM2.31 and RM2.40 levels over the near term. Support will be pegged around the RM2.15 level.

SCH has broken out of the recent two-week consolidation phase. The MACD Histogram extended another green bar, while the RSI is trending positively above 50. Price target will be envisaged around the RM0.265-RM0.28 levels. Support will be anchored around the RM0.23 leve

REXIT has trended sideways over the past week between the RM0.525 and RM0.545 levels. The MACD Indicator expanded positively above zero, while the RSI is hovering above 50. Monitor for a breakout above the RM0.545 level - price target will be located around the RM0.575 and RM0.60 levels. Support will be set around the RM0.525.

Source: M+ Online Research - 21 Sep 2016