M+ Online Morning Buzz - 18 Nov 15: Dow +6.49 pts (+0.04%) @ 17,489.50 pts. The U.S. stockmarkets ended mixed with the Dow closed largely unchanged as gains were limited after the treasury volatility fell to its lowest level year-to-date – signals a potential interest rate hike in December. On the broader market, the S&P 500 fell 0.1%, giving up earlier gains, dragged by the energy sector (-1.2%). 

The FBM KLCI rose slightly higher yesterday, taking cue from the rebound in overnight Wall Street. The MACD Histogram has turned green, while the RSI has crossed above the 30 level. The immediate resistance will be envisaged around the 1,690-1,700 levels. Support is pegged around the 1,600-1,630 levels.

Sector Focus: FBM ACE, Construction

FBM Ace: MMSV, OCNCASH, SUNZEN, SOLUTN
Construction: SENDAI, WCT, GADANG

Others: JAYCORP, DSONIC

Potential Momentum Stocks:

MMSV (0113): Price formed a flag-formation breakout above the RM0.74 level. TP: RM0.805-RM0.875. SL: RM0.71.

SOLUTN (0093): Price formed a breakout-pullback-continuation above the RM0.385 level. TP: RM0.50. SL: RM0.385.

GADANG (9261): Monitor for a breakout above the RM1.86 level. TP: RM2.00. SL: RM1.76.

Source: M+Online

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