M+ Online Market Wrap – 16 Nov 15: KLCI -2.91 pts (-0.18%) @1,656.00 pts. The FBM KLCI started off the week on a weaker note mostly attributable to the geopolitical concerns and losses amongst most of the regional markets. Meanwhile, the broader market and lower liners also ended in the negative territory with the exception of FBM ACE and Construction sub-indices which rose by 0.6% and 0.3%, respectively. On the FBM KLCI, there are 9 advancers, 17 decliners and 4 traded unchanged. WTI Crude oil price stood at US$41.07.

Volume: 1.92 bln (3-month avg vol: 2.13 bln) & Value: 1.69 bln :arrow_up::347, ::arrow_down:597 
FCPO -RM43@RM2,301
DowFut +10

Active stocks: 
INSTACO +2.0sen@RM0.225, HIBISCS -2.5sen@RM0.265, ECOFIRS -5.5sen@RM0.28, RGB@RM0.19

Potential stocks:

EDEN +1.5sen@RM0.28, price formed a breakout-pullback-continuation pattern above the EMA9 level with surge in volumes. The MACD Histogram has turned green. The RSI, however, indicates an overbought level. 

KPSCB +3.5sen@RM0.505, price experienced a flag formation breakout high volumes. The MACD Histogram has turned green. Trailing stop loss is located around the EMA 9 level.

DUFU +2.0sen@RM0.37, price experienced a breakout above the RM0.365 level with high volumes. The MACD Histogram has turned green, while the RSI is hovering hovers above 50. 

Source: Bloomberg, M+ Online

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