M+ Online Morning Buzz - 7 Mar 16: Dow +62.87 pts (+0.37%) @ 17,006.77 pts. U.S. stockmarkets endured a choppy trading session before extending their gains for the fourth straight day as the Dow rose 0.4% to close above the 17,000 psychological level. Meanwhile, the strong jobs data coupled with the surge in crude oil prices also helped the S&P500 to close 0.3% higher. 

The FBM KLCI ended the week on a firmer note last Friday as the key index closed higher on the weekly basis. The weekly MACD Histogram has extended another green bar, while the weekly RSI continues to hovers above the 50 level. The immediate resistance will be envisaged around the 1,700 level. Support will be pegged around the 1,630-1,660 levels.

Sector: Media-related, Technology

Media-related: STAR, MEDIA
Technology: ECS, JHM

Others: VIOR, BIG

Potential Momentum Stocks:

MEDIA (4502): Monitor for a breakout above the RM1.40 level. TP: RM1.53-RM1.65. SL: RM1.32.

JHM (0127): Monitor for a breakout above the RM0.48 level. TP: RM0.565-RM0.60. SL: RM0.44.

BIG (7005): Monitor for a symmetrical-triangle breakout above the RM0.715 level. TP: RM0.79-RM0.87. SL: RM0.655.

Source: M+ Online

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