Dow Jones: 25,283.00 pts (-12.87pts, -0.05%)
U.S. stockmarkets ended mixed overnight as the Dow slipped 0.1% on profit taking activities but the S&P 500 and Nasdaq rose 0.2% and 0.3% respectively. The immediate resistance is located at 25,500.
FBM KLCI: 1,832.15 pts (+14.18pts, +0.78%)
Strong buying interest from foreign funds sent the FBM KLCI (+0.8%) higher yesterday in tandem with the gains across Asia stockmarkets. The immediate resistance is located at 1,850.
Crude Palm Oil: RM2,625 (+RM31, +1.20%)
Crude palm oil prices formed a bullish engulfing candle on concern over the flood situation in certain states of Peninsular Malaysia. The immediate resistance is envisaged around RM2,650.
WTI Crude Oil: $61.73 (+$0.29, +0.47%)
Crude oil prices advanced but gains were capped by the rising U.S. production. The immediate resistance is located at US$63.
Gold: $1,320.40 (+$0.81, +0.06%)
Gold prices rebounded but gains were limited due to the appreciation of U.S. Dollar against a basket of currencies. The immediate resistance will be pegged around US$1,350.
Economic Releases:
EU - Eurozone's Unemployment Rate, 6.00PM
Bursa Malaysia Trade Statistics - 8 Jan 18
Institutions: Net SELL 320.1 mln (54.8%)
Retail: Net SELL 49.1 mln (28.6%)
Foreign: Net BUY 369.2 mln (16.6%)
Potential Momentum Stocks - 9 Jan 18
Stock Name: PECCA (5271)
Entry: Buy above RM1.55
Target: RM1.70 (9.7%), RM1.75 (12.9%)
Stop: RM1.45 (-6.5%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: EUPE (6815)
Entry: Buy above RM1.12
Target: RM1.22 (8.9%), RM1.28 (14.3%)
Stop: RM1.03 (-8.0%)
Shariah: Yes
Technical: Bullish engulfing candle
Source: Bloomberg, M+ Online
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TheSaint
Have anyone compare Pecca with DK?
DK is the closest competitor to them.
Any advise?
2018-01-20 16:50