M+ Online Morning Buzz - 23 Nov 15: Dow +91.06 pts (+0.51%) @ 17,823.81 pts. The U.S. stockmarkets advanced last Friday as the Dow rose 0.5%, owing to a series of better-than-expected corporate earnings from retailers. On the broader market, the S&P 500 climbed 0.4% to log is biggest weekly gain in 2015, while the Nasdaq added 0.6%. 

The FBM KLCI ended higher last Friday as the key index closed marginally higher for the week. The MACD Histogram has extended another green bar, while the RSI is approaching the 50 level. The immediate resistance will be envisaged around the 1,700 level. Support is pegged around the 1,600-1,630 levels.

Sector Focus: Consumer Products, Plastic-related, Technology

Consumer Products: CHEEWAH, CSCENIC, ACOSTEC
Plastic-related: MUDA, CYL
Technology: IFCAMSC, MMSV

Others: EFFICEN

Potential Momentum Stocks:

CSCENIC (7202): Price breakout above the RM1.25 level. TP: RM1.31-RM1.37. SL: RM1.19.

CYL (7157): Price formed a flag-formation breakout above the RM0.99 level. TP: RM1.10-RM1.20. SL: RM0.905.

MMSV (0113): Price formed a breakout-pullback-continuation pattern above the RM0.71 level. TP: RM0.745. SL: RM0.63.

Source: M+ Online

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