KLCI: Immediate resistance at 1519 levels''

'' Barring any external shocks, we remain positive that KLCI is likely to close above 1500 pts this week, driven by a bullish breakout and positive technical readings coupled with rotational window dressing activities. Resistance levels are 1519-1529 whilst supports fall on 1476-1488.

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MEDIAC: Positive breakout''''

'' Since hitting a low of RM0.905 (26 Sep), Based on daily and weekly charts, technical landscape are positive, indicating that Mediac is ripe for further appreciation. Mediac prices are trending upwards along its uptrend line support to end at RM1.10 yesterday, closing above the mid Bollinger band & 50-d SMA (both at RM1.07) and 100-d SMA (RM1.08). A breakout above RM1.13 (50% FR) will spur prices higher towards retesting 200-d SMA (RM1.15) and RM1.18 (38.2% FR) levels. A more formidable resistance is RM1.25 (23.6% FR).

'' Strong supports are situated near RM1.01 (76.4% FR) and RM1.04 (lower Bollinger band). Cut loss below RM1.00.

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