M+ Online Morning Buzz - 20 Nov 15: Dow -4.41 pts (-0.02%) @ 17,732.75 pts. U.S. stockmarkets closed marginally lower as the Dow ended flat, dragged by UnitedHealth Group (-5.7%) after announcing of its possibility of withdrawal from offering coverage through Obamacare. On the broader market, the S&P 500 fell 0.1% as gains were capped by the selloff in healthcare (-1.5%) and energy (-1.2%) sector. 

The FBM KLCI ended mildly higher yesterday, in line with the gains in key regional benchmark indices. 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 level. Support is pegged around the 1,600-1,630 levels.

Sector Focus: FBM ACE, Logistics-related

FBM ACE: INSTACO, PRIVA, OPCOM
Logistics-related: TNLOGIS, GDEX

Others: MENANG, GOB, BTM, KAWAN

Potential Momentum Stocks:

PRIVA (0123): Price breakout above the RM0.275 consolidation level. TP: RM0.305-RM0.325. SL: RM0.26.

GDEX (0078): Price breakout above the RM1.53 consolidation level. TP: RM1.70-RM1.83. SL: RM1.50.

GOB (1147): Monitor for a breakout above the RM0.635 level. TP: RM0.705-RM0.74. SL: RM0.615.

Source: M+Online

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