M+ Online Morning Buzz - 17 Feb 16: Dow +222.57 pts (+1.39%) @ 16,196.41 pts. Wall Street resumed trading on a positive tone with the Dow closing 1.4% higher to mark its biggest two-day gains since August 2015. On the broader market, the S&P 500 added 1.7%, with all ten main sectors advanced while the Nasdaq jumped 2.3%.

Following the recovery in crude oil prices, the FBM KLCI extended its gains yesterday. The MACD Histogram has turned green, while the RSI is approaching the overbought level. The immediate resistance will be envisaged around the 1,700 level. Support is pegged around the 1,600-1,630 levels.

Sector: Plantations, Rubber-related

Plantations: CEPAT, KRETAM, FGV
Rubber-related: SUPERMX, WELLCAL

Others: GESHEN, TECGUAN, EATECH

Potential Momentum Stocks:

CEPAT (8982): Price gapped up to breakout above the RM0.755 consolidation level. TP: RM0.83-RM0.895. SL: RM0.72.

SUPERMX (7106): Monitor for a breakout above the RM3.17 level.  TP: RM3.56-RM3.80. SL: RM2.80.

EATECH (5259): Monitor for a trendline breakout above the RM1.06 level. TP: RM1.11-RM1.19. SL: RM1.00.

Source: M+ Online

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