M+ Online Morning Buzz - 11 Nov 15: Dow +27.73 pts (+0.16%) @ 17,758.21 pts. The U.S. stockmarkets rebounded from the previous session’s selloff as the Dow rose 0.2%. On the broader market, the S&P 500 snapped a four consecutive losing streak to close 0.2% higher, lifted by consumer discretionary and utilities stocks. 

Following the stronger-than-expected industrial production data, the FBM KLCI closed marginally higher on the Monday. 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: Technology, Industrial Products

Technology: GHLSYS, GTRONIC, CENSOF, PRIVA, OCK
Industrial Products: LBALUM, LEONFB

Others: BINTAI, HARBOUR, MMCCORP

Potential Momentum Stocks:

OCK (0172): Monitor for a breakout above the RM0.82 level. TP: RM0.88-RM0.93. SL: RM0.795.

GTRONIC (7022): Monitor for a breakout above the RM6.52 level. TP: RM7.00. SL: RM6.32.

LBALUM (9326): Price experienced a breakout above the RM0.52 level. TP: RM0.57-RM0.605. SL: RM0.46.

Source: M+ Online

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