M+ Online Market Wrap – 11 Feb 16: KLCI -0.46 pts (-0.03%) @1,643.95 pts. The FBM KLCI closed marginally lower after the key index pared off most its intraday losses on weakness in telco heavyweights. The lower liners also ended in the red while the Industrial (+0.2%), Construction (+0.2%) and Plantations (+0.5%) sectors outperformed the broader market. WTI Crude oil price stood at US$26.59.

Volume: 1.23 bln (3-month avg vol: 1.97 bln) & Value: 1.41 bln ⬆:272, ⬇:437    
FCPO +RM27@RM2,594
Dow Futures -309

Active stocks:    
TIGER -0.5sen@RM0.06, XDL@RM0.05, BJCORP +1.0 sen@RM0.41, XOX -1.0sen@RM0.18

Potential stocks:

RSAWIT +3.0sen@RM0.58, price has breakout above the RM0.56 consolidation level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is approaching the overbought level.

YEELEE +7.0sen@RM2.16, price has formed a breakout-pullback-continuation pattern on the EMA60 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI hovers above the 30 level.

HSL +2.0sen@RM1.93, price has formed a bullish engulfing candle, after being supported above the EMA60 level. The MACD Histogram has turned green, while the RSI hovers above the 30 level.

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.