The FBM KLCI trended marginally higher towards the 1,670 level. The MACD Line is approaching zero, while the RSI has hooked above 50. Resistance will be pegged around the 1,680 level. Meanwhile, the support will be located around the 1,645 level..

DSONIC has surged above the EMA20 level with high volumes. The MACD Histogram has turned green, while the RSI has rebounded off the 30 level, approaching 50. Price target will be envisaged around the RM1.63-RM1.70 levels. Support will be anchored around RM1.48.

PARAMON has experienced a resistance breakout above the RM1.43 level with improved volumes. The MACD Indicator has expanded positively above zero, but the RSI is overbought. Price may rally towards the RM1.51 and RM1.57 levels after a short consolidation. Support will be pegged around RM1.39.

PAOS has broken out of the consolidation phase with higher-than-average volumes. The MACD Indicator continues to stay above the zero level. The RSI has crossed above 50. Price may rally towards the RM1.50 level over the near term. Support will be located around RM1.22.

Source: M+ Online Research- 24 Oct 2016