The FBM KLCI ended marginally lower for another session as selected index heavyweights like AXIATA and IHH traded lower. The MACD Histogram has turned red, while the RSI has crossed below 50. The key index may revisit the support of 1,645. Meanwhile, resistances will be pegged around 1,670-1,680.

SKPRES experienced a short term trendline breakout above the RM1.32 level with improved volumes. The MACD Histogram extended another green bar, while the RSI has surged above 50. Price target will be pegged around the RM1.38 and RM1.44 levels. Support will be located around RM1.28.

TITIJYA has formed a Breakout-Pullback-Continuation pattern above the RM1.62 level. The MACD Line is trending positively above the zero level. The RSI, however, is overbought. Price may rally towards the RM1.80 level. Support will be located around RM1.62.

ILB has broken out of the consolidation phase with high volumes. The MACD Indicator expanded positively above zero. The RSI is hovering above 50. Price target will be located around the RM0.89 and RM0.975 levels. Support will be pegged around RM0.815.

Source: M+ Online Research - 14 Oct 2016