The market is overbought and the KLCI is facing strong resistance at the 1500 level. However the KLCI managed to close at 1491.44 up 0.80 points.
Stocks 8 - 16 remain overbought and an upward correction is likely.
Stock Close Support Resistance
1. EVERGRN 1.52 1.50 1.54
2. RAMUNIA 0.37 0.365 0.37
3. JERNEH 3.00 2.96 3.02
4. KURASIA 0.42 0.415 0.42
5. ALAM 1.10 1.07 1.12
6. MTOUCHE 0.205 0.20 0.215
7. BIOSIS 0.485 0.475 0.505
8. CIMB 8.04 8.02 8.07
9. AEM 0.34 0.335 0.34
10. JHM 0.165 0.16 0.165
11. LCL 0.08 0.075 0.08
12. MSPORTS 0.485 0.48 0.495
13. FRB 0.945 0.94 0.945
14. TRANMIL 0.36 0.35 0.365
15. JADI 0.255 0.24 0.255
16. MIECO 0.695 0.685 0.725
