After a sharp fall last Friday, the FBM KLCI rebounded with mild bargain hunting activities yesterday. The MACD Histogram has turned green, while the RSI has rebounded off the 30 level. The FBM KLCI may revisit the 1,680 level. Support will be anchored around the 1,640 level.

IBHD has gapped above the RM0.575 level with improved volumes. The MACD Histogram turned green, while the RSI is approaching 50. Price may rally towards the RM0.62 and RM0.645 levels after a short consolidation. Support will be pegged around RM0.55.

XINHWA rebounded off the EMA9 with improved volumes. The MACD Line is above zero, while the RSI is hovering above 50. Monitor for a breakout above 50, targeting the RM1.26 and RM1.32 levels. Support will be set around RM1.12 level.

GOODWAY has broken out above the RM0.685 level with improved volumes. The MACD Indicator expanded positively above zero, while the RSI is above 50. Price target will be located around the RM0.685 and RM0.815 levels. Support will be located around the RM0.66 level.

Source: M+ Online Research- 5 Oct 2016