Tracking the gains on the overnight Wall Street, coupled with recovering crude oil prices, the FBM KLCI ended on a positive note. The MACD Line is approaching zero, while the RSI is trending above 50. Next resistance will be located around the 1,680 level. Support will be set around the 1,650 level.

DELEUM surged above the RM1.10 level last week with higher-than-average volumes. The MACD Line is trending positively above zero, while the RSI is hovering above 50. Monitor for a breakout above the RM1.16 level, targeting the RM1.26 and RM1.34 levels. Support will be pegged around the RM1.10 level.

SUPERLN has experienced a sideways consolidation breakout above the RM2.35 level with higher-thanaverage volumes. The MACD Histogram has turned green, while the RSI is above 50. Price target will be envisaged around the RM2.57 and RM2.65 levels. Support will be seen around the RM2.29 level.

XINHWA has rebounded off the EMA9 level with improved volumes. The MACD Indicator expanded positively above zero. The RSI is hovering above the 50 level. Price may rally towards the RM1.26 and RM1.32 levels. Support will be pegged around the RM1.12 level.'

Source: M+ Online Research - 12 Oct 2016