FBM KLCI:

All eyes on U.S. Aug jobs data

'''' Bursa Malaysia is likely to open higher today, playing catch up with positive gains by regional bourses in 30 Aug - 1 Sep. Nevertheless, further upside will likely be capped at 1461 (5-d SMA) and 1478 (10-d SMA) levels amid a slew of sluggish corporate earnings, unresolved worries from the U.S. and Europe and ahead of the crucial U.S. Aug employment data tonight.

''

Stock to watch:

BSTEAD: Immediate upside targets at RM5.62-5.82''

'''' In line plunge on 9 Aug, BSTEAD share prices tumbled to as low as RM5.16. Since then, the bulls made a comeback to push share price to RM5.49 on 29 Aug. Buying momentum should pick up once the candles push above its 30-day SMA or the downtrend line near RM5.62. The following resistance levels are 200-d SMA (at RM5.68) and 50-d SMA (at RM5.78). On the downside, a slip below RM5.16 (also its lower Bollinger band) would trigger our stop.