M+ Online Morning Buzz - 6 Nov 15: Dow -4.15 pts (-0.02%) @ 17,863.43 pts. The U.S. stockmarkets booked its second consecutive session of losses overnight ahead of the jobs report – which is due to be released on Friday. On the broader market, energy, utilities and materials led the sectors decliners, while consumer discretionary and financials outperformed.

Meanwhile, the FBM KLCI managed to extend its gains for the third straight session yesterday amid the slightly positive market breadth. The MACD Histogram has extended another green bar, while the RSI hovers 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: Construction, Consumer

Construction: SENDAI, BENALEC, IKHMAS, HOHUP
Consumer: HUPSENG, JERASIA, PENSONI

Others: MGRC, BOXPAK, ASIAPLY

Potential Momentum Stocks:

SENDAI (5205): Monitor for follow-through buying interest above the RM0.855 level. TP: RM0.95-RM1.00. SL: RM0.775.

JERASIA (8931): Price formed a breakout-pullback-continuation above the EMA 9 level. TP: RM1.00-RM1.17. SL: RM0.79.

ASIAPLY (0105): Monitor for a follow-through buying interest above RM0.70. TP: RM0.79-RM0.85. SL: RM0.67

Source: M+Online

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