The FBM KLCI trended below the 1,660 level, tracking the negative move on Wall Street. The MACD Indicator is hovering below zero, while the RSI is below 50. The FBM KLCI may revisit the 1,645 level over the near term. Meanwhile, the resistance will be pegged around the 1,670 level.

PRESBHD trended sideways between the RM2.16 to RM2.25 levels over the past three weeks. The MACD Histogram extended another green bar, while the RSI has hooked above 50. Monitor for a breakout above the RM2.25 level, targeting the RM2.46-RM2.59 levels. Support will be set around RM2.16.

PETRONM is gradually moving above the EMA120 level on mild volumes. The MACD Line is hovering above zero. The RSI, however, is slightly overbought. Price may rally towards the RM4.56 and RM4.96 levels after a short consolidation. Support will be pegged around the RM4.14 level.

MALTON is hovering above the EMA9 level over the past week. The MACD Indicator has expanded positively above zero, while the RSI is hovering above 50. Monitor for a breakout above the RM0.65 level, targeting the RM0.685 and RM0.72 levels. Support will be located around the RM0.63 level.

Source: M+ Online Research - 17 Oct 2016