M+ Online Morning Buzz - 5 Nov 15: Dow -50.57 pts (-0.28%) @ 17,867.58 pts. The U.S. stockmarkets snapped its two consecutive days of gains overnight as the S&P 500 fell 0.4%, while the Dow and Nasdaq Composite fell by 0.3% and 0.1% respectively. However, the utilities and tech sectors have outperformed the broader market.

Meanwhile, the FBM KLCI extended its gains yesterday on the back of a positive market breadth and slight decline in trading volumes. The MACD Histogram has extended another green bar, while the RSI is hovering above the 30 level. The immediate resistance will be envisaged around the 1,700-1,720 levels. Support is pegged around the 1,640-1,660 levels.

Sector Focus: Plantations, Technology, Consumer

Plantations: TDM, RSAWIT
Technology: ECS, GENETEC, JCY
Consumer: YEELEE, PADINI, BONIA

Others: LEESK, HALEX

Potential Momentum Stocks:

LEESK (8079): Monitor for follow-through buying interest above the RM0.32 level. TP: RM0.36-RM0.40. SL: RM0.30.

TDM (2054): Price closed above the EMA 9 level with improvement in volumes. TP: RM0.735-RM0.77. SL: RM0.67.

ECS (5162): Monitor for a follow-through buying interest above RM1.53. TP: RM1.63-RM1.70. SL: RM1.47

Source: M+ Online

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