The FBM KLCI trended mixed near the 1,670 level. The MACD Line is hovering above zero, while the RSI is suggesting that the short term momentum is bullish. The FBM KLCI may rebound to retest the 1,680 level. Meanwhile, support will be located around 1,645-1,660.

ARANK has stayed sideways above the EMA20 level over the past week with mild volumes. The MACD Histogram has turned green, but the RSI is hovering below 50. Monitor for a breakout above the RM0.92 level, targeting the RM0.95 and RM0.975 levels. Support will be set around the RM0.905 level.

REXIT has experienced a flag formation breakout above the RM0.66 level with higher-than-average volumes. The MACD Indicator has expanded positively above zero. The RSI, however, is overbought. Price may rally towards the RM0.725 level after a mild consolidation. Support will be anchored around the RM0.63 level.

RUBEREX rebounded off the EMA9 level with high volumes. The MACD Line is hovering above zero, while the RSI is trending positively above 50. Monitor for a breakout above the RM0.83 level. Price target will be envisaged around RM0.85, RM0.875 and RM0.905. Support will be located around RM0.825.

Source:M+ Online Research - 31 Oct 2016