M+ Online Market Wrap – 7 Dec 15: KLCI +4.13 pts (+0.25%) @1,672.00 pts. Following the sharp rally in Wall Street on last Friday, the FBM KLCI snapped a three straight losing streak, supported by the buying interest amongst selective banking heavyweights. Concurrently, both the lower liners and the broader market also ended in the positive territory. On the FBM KLCI, there are 17 advancers, 10 decliners and 3 traded unchanged. WTI Crude oil price stood at US$39.51.

Volume: 1.79 bln (3-month avg vol: 2.20 bln) & Value: 1.74 bln ::arrow_up:460, ::arrow_down:359 
FCPO +RM69@RM2,435
Dow Futures +33

Active stocks: 
XOX -1.0sen@RM0.205, INSTACO +1.5sen@RM0.28, RGB +1.5sen@RM0.18, GENETEC +1.5sen@RM0.305

Potential stocks:

EVERGRN +14.0sen@RM2.32, price experienced a breakout above the RM2.25 consolidation level with improved volumes. The MACD Line has given a “Buy” signal, while the RSI is approaching the overbought level. 

YONGTAI +4.0sen@RM0.765, price has formed a T+4 formation breakout above the RM0.735 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI has crossed above the 50 level. 

EWEIN +5.0sen@RM1.06, price has formed a flag-formation breakout above the RM1.03 level, after rebounded off the EMA20 level. The MACD Histogram has turned green, while the RSI is approaching the overbought level.

Source: Bloomberg, M+ Online

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