M+ Online Morning Buzz - 27 Oct 15: Dow -23.65 pts (-0.13%) @ 17,646.70 pts. The U.S. stockmarkets fell mostly lower overnight weighed down by losses in energy-related stocks. On the broader market, 7 out of the 10 main sectors on the S&P 500 ended in the negative territory which sent the benchmark index to close lower by 2.5%. The Nasdaq Composite however was unchanged.

The FBM KLCI fell into the red yesterday on the back of a negative market breath and weaker trading volume transaction. The MACD Histogram, however has extended another red bar and the RSI remains overbought. The immediate resistance will be envisaged around the 1,744 level. Support is pegged around the 1,660-1,700 levels.

Sector Focus: Consumer Product

Consumer Products: KHEESAN, COCOLND, KAWAN, HUPSENG

Others: IQGROUP, RSAWIT, OKA

Potential Momentum Stocks:

YSPSAH (7178): Monitor for follow through buying interest above the RM2.58 level. TP: RM2.80-RM3.00. SL: RM2.40.

GLBHD (7382): Price surged above the EMA 9 level with higher volumes. TP: RM1.80-RM1.88 SL: RM1.64

CAB (7174): Price closed above the EMA 9 level with high volumes. TP: RM1.14-RM1.25. SL: RM1.03.

Source: M+Online

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