M+ Online Morning Buzz - 30 Dec 15: Dow +192.71 pts (+1.10%) @ 17,720.98 pts. Wall Street closed sharply higher overnight as the Dow gained 1.1% after crude oil prices rebounded. On the broader market, the S&P 500 added 1.1% as 95% of its components advanced, while the Nasdaq rose 1.3%.

Following the gains in key regional indices, the FBM KLCI closed higher for the fourth straight session yesterday. The MACD Histogram has extended another green bar, while the RSI hovers above the 50 level. The immediate resistance will be envisaged around the 1,695-1,700 level. Support is pegged around the 1,630 level.

Sector Focus: FBM ACE

FBM Ace: KRONO, OPCOM, K1, TECFAST

Others: CENSOF, ECONBHD, KRETAM

Potential Momentum Stocks:

OPCOM (0035): Price breakout above the RM0.755 level. TP: RM0.90. SL: RM0.705.

CENSOF (5195): Price has breakout above the RM0.30 short-term resistance level. TP: RM0.32-RM0.345. SL: RM0.29.

KRETAM (1996): Monitor for a breakout above the RM0.48 resistance level. TP: RM0.52-RM0.585. SL: RM0.44.

Source: M+ Online

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