Despite Wall Street extending their gains overnight, the FBM KLCI slipped below the 1,650 level before closing around the 1,634.19 pts last Friday. The MACD Histogram has turned red, while the RSI has tripped below 30. Resistance will be pegged around the 1,645-1,660 levels. Support will be set around the 1,625 level.

KMLOONG share price has performed a short term trendline breakout above the RM3.34 level with improved volumes. The MACD Line has crossed over the Signal Line, while the RSI has crossed above 50. Price target will be envisaged around the RM3.40 and RM3.60 levels. Support will be set around the RM3.28 level.

LIIHEN’s share price has broken out above the short term trendline at RM3.10 and consolidation spell with high volumes. The MACD Indicator has given a BUY signal. The RSI has crossed above 50. Price may rally towards the RM3.40-RM3.60 levels after a short consolidation. Support will be anchored around the RM2.93 level.

KAREX has rebounded off the RM3.29 level and staged a trendline breakout with high volumes. The MACD Line has given a BUY signal. The RSI has crossed above 50. Price might head towards the RRM2.64 to RM2.74 levels. Support will be pegged around the RM2.39 level.

Source: M+ Online Research - 14 Nov 2016