M+Online Morning Buzz: Dow +33.74 pts (+0.20%) @ 17,084.49 pts. The U.S. stockmarkets registered one of their best weekly gains in 2015 led by gains in IT, while telecommunications sector was amongst one of the biggest losers. Separately, the European equities also posted modest gains – driven higher by commodities-related counters.

The FBM KLCI ended in the positive territory on last Friday, marking its second consecutive weekly gains. The weekly MACD Histogram has extended another green bar, while the weekly RSI continues to hover above the 30 level. The immediate resistance will be envisaged around the 1,700-1,740 levels. Support is pegged around the 1,600-1,660 levels.

Sector Focus: Oil and Gas, Healthcare-related

Oil and Gas: BARAKAH, COASTAL
Healthcare-related: TMCLIFE
Technology: D&O, EFORCE

Others: SUNSURIA, EDUSPEC, TEKSENG, MAYBULK

Potential Momentum Stocks:

SUNSURIA (3743): Price closed above RM0.825 with improving volumes. TP: RM0.90-RM1.00. SL: RM0.80.

TEKSENG (7200): Price continues to stay above the EMA9 level. TP: RM0.54-RM0.58. SL: RM0.465.

BARAKAH (7251): Price surged above the RM1.00 level with high volumes. TP: RM1.08-RM1.13. SL: RM1.00.

Source: M+Online

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