[07:35, 1/29/2018] Mplus SS 2: Dow Jones: 26,616.71 pts (+223.92pts, +0.85%)
U.S. stockmarkets extended their gains as the Dow (+0.9%) closed at a fresh record high level, spurred by a string of stronger-than-expected corporate earnings from AbbVie, Honeywell, Intel and Rockwell. The immediate resistance is located at 27,000.

FBM KLCI: 1,853.92 pts (+8.06pts, +0.44%)
The FBM KLCI (+0.4%) managed to close at an intraday high on last Friday, boosted by the eleventh hour buying support in selective index heavyweights. The immediate resistance is located at 1,870.

Crude Palm Oil: RM2,484 (-RM9, -0.36%)
Crude palm oil prices extended its losses, weighed down by the appreciation of Ringgit against the U.S. Dollar. The immediate support is envisaged around RM2,400.

WTI Crude Oil: $66.14 (+$0.63, +0.96%)
Crude oil prices rebounded, forming a bullish engulfing candle, despite U.S. oil rigs increased. The immediate resistance is located at US$70.

Gold: $1,349.12 (+$0.86, +0.06%)
Gold prices staged a mild recovery after the U.S. Dollar weakened against a basket of currencies. The immediate resistance will be pegged around US$1,350.

Bursa Malaysia Trade Statistics - 26 Jan 18
Institutions:  Net SELL 103.7 mln (53.8%)
Retail:  Net SELL 36.6 mln (26.0%)
Foreign:  Net BUY 140.3 mln (20.2%)

Potential Momentum Stocks - 29 Jan 18 
Stock Name: ECONBHD (5253)
Entry: Buy above RM1.31
Target: RM1.41 (7.6%), RM1.50 (14.5%)
Stop: RM1.23 (-6.1%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: N2N (0108)
Entry: Buy above RM1.02
Target: RM1.10 (7.8%), RM1.14 (11.8%)
Stop: RM0.975 (-4.4%)
Shariah: No
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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