Dow Jones: 24,754.06 pts (-28.23pts, -0.11%)
U.S. stockmarkets staged a mild pullback on last Friday as the Dow fell 0.1% after investors booked profits ahead of the extended weekend festive break. The immediate resistance is located at 24,750.
FBM KLCI: 1,760.24 pts (+9.03pts, +0.52%)
The FBM KLCI (+0.5%) advanced for the third straight session on last Friday, underpinned by window dressing activities. The immediate resistance is located at 1,770.
Crude Palm Oil: RM2,451 (+RM2, +0.08%)
Crude palm oil prices managed to recover all its intraday losses and formed a hammer candle but fell 2.7% W.o.W. The immediate support is envisaged around RM2,400.
WTI Crude Oil: $58.47 (+$0.11, +0.19%)
Crude oil prices inched higher for the fourth straight session amid the flattish oil rig count. The immediate resistance is located at US$60.
Gold: $1,274.16 (-$0.21, -0.02%)
Gold prices advanced, despite the U.S. Dollar appreciated against a basket of currencies. The immediate support will be pegged around US$1,200.
Economic Releases:
JP - Japan's Inflation Rate, 7.30AM
JP - Japan's Unemployment Rate, 7.30AM
Bursa Malaysia Trade Statistics - 22Dec17
Institutions: Net SELL 22.6 mln (63.3%)
Retail: Net SELL 24.7 mln (21.5%)
Foreign: Net BUY 47.3 mln (15.2%)
Potential Momentum Stocks - 26 Dec 17
Stock Name: KGB (0151)
Entry: Buy above RM0.805
Target: RM0.90 (11.8%), RM0.95 (18.0%)
Stop: RM0.76 (-5.6%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout
Stock Name: JAKS (4723)
Entry: Buy above RM1.49
Target: RM1.55 (4.0%), RM1.61 (8.1%)
Stop: RM1.45 (-2.7%)
Shariah: Yes
Technical: Breakout-pullback-continuation
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.
Chart | Stock Name | Last | Change | Volume |
---|