M+ Online Morning Buzz - 30 Nov 15: Dow -14.90 pts (-0.08%) @ 17,798.49 pts. U.S. stockmarkets ended narrowly mixed last Friday as the Dow fell 0.1%, mainly dragged by Walt Disney (-2.9%) after reporting that it has lost some 3.0 mln subscribers. On the broader market, the S&P500, however, rose 0.1% but gains were limited as oil prices plunged, snapping a three consecutive session of gains. 

The FBM KLCI ended mildly lower on last Friday after coming off its intraday low, on profit taking amongst selective index heavyweights. The MACD Histogram has extended another green bar, while the RSI hovers below 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: Trading/Services

Water-related: ARMADA, SKPETRO, BAHVEST

Others: PBA, TROP, IRIS, SUNCON

Potential Momentum Stocks:

BAHVEST (0098): Price continues to maintain is momentum above the EMA9 level. TP: RM1.31-RM1.50. SL: RM1.14.

TROP (5401): Monitor for a breakout above the RM1.00 level. TP: RM1.06-RM1.14. SL: RM0.98.

IRIS (0010): Monitor for a breakout above the RM0.245 level. TP: RM0.275-RM0.30. SL: RM0.22.

Source: M+ Online

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