The FBM KLCI stayed above the 1,670 level with slower overall transacted volumes. The MACD Line, however, has surged above zero, while the RSI is hovering above 50. The FBM KLCI may trend higher towards 1,680 and 1,700. Support will be located around 1,645.

OWG has formed a flag formation breakout above the RM2.40 level with improved volumes. The MACD Histogram has turned green. The RSI continues to trend positively above 50. Price target will be envisaged around RM2.53 and RM2.67. Support will be anchored around the RM2.32 level.

MBSB has experienced a resistance breakout above the RM0.92 level with higher-than-average volumes. The MACD Indicator continues to trend positively above zero, while the RSI is hooked above 50. Price may rally towards the RM1.00-RM1.05 levels. Support will be set around RM0.89.

WILLOW has experienced a breakout above the RM0.785 level with higher-than-average volumes. The MACD Histogram has turned green. The RSI, however, is overbought. Price may rally towards the RM0.84-RM0.86 levels after a short consolidation. Support will be located around the RM0.75 level.

Source: M+ Online Research - 26 Oct 2016