Dow Jones: 26,071.72 pts (+53.91pts, +0.21%)
U.S. stockmarkets rebounded last Friday as the Dow gains 0.2% to close higher for the third consecutive week. The immediate resistance is located at 26,500.

FBM KLCI: 1,828.83 pts (+7.23pts, +0.40%)
Buying support in selective index heavyweights sent the FBM KLCI (+0.4%) higher on last Friday. The immediate resistance is located at 1,850.

Crude Palm Oil: RM2,445 (-RM31, -1.25%)
The appreciation of Ringgit against the U.S. Dollar coupled with negative developments in Europe sent crude palm oil prices lower. The immediate resistance is envisaged around RM2,550.

WTI Crude Oil: $63.37 (-$0.58, -0.91%)
Crude oil prices edged lower on mild profit taking activities. The immediate resistance is located at US$65.

Gold: $1,331.84 (+$4.81, +0.36%)
Gold prices rebounded after the U.S. Dollar retreated against a basket of currencies. The immediate resistance will be pegged around US$1,350.

Bursa Malaysia Trade Statistics - 19 Jan 18
Institutions:  Net SELL 39.9 mln (55.9%)
Retail:  Net SELL 71.4 mln (26.9%)
Foreign:  Net BUY 111.3 mln (17.2%)

Potential Momentum Stocks - 22 Jan 18 
Stock Name: OMESTI (9008)
Entry: Buy above RM0.53
Target: RM0.59 (11.3%), RM0.605 (14.2%)
Stop: RM0.49 (-7.5%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Stock Name: TRC (5054)
Entry: Buy above RM0.695
Target: RM0.735 (5.8%), RM0.755 (8.6%)
Stop: RM0.67 (-3.6%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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