Dow Jones: 25,219.38 pts (+19.01pts, +0.08%)
U.S. stockmarkets advanced for the sixth straight session as the Dow gained 0.1% last Friday to log its biggest weekly winning streak over the past two years, buoyed by the encouraging economic data. The immediate resistance is located at 25,500.

FBM KLCI: 1,838.28 pts (+3.35pts, +0.18%)
The FBM KLCI (+0.2%) trended higher for the fourth straight session ahead of the Lunar New Year break. The immediate resistance is located at 1,850.

Crude Palm Oil: RM2,506 (+RM2, +0.08%)
Crude palm oil prices closed on a flattish note as gains were pressured by expectation over rising production. The immediate resistance is envisaged around RM2,550.

WTI Crude Oil: $61.68 (+$0.34, +0.56%)
Crude oil prices extended its gains for the third consecutive session, marking its first weekly gain over the past month. The immediate resistance is located at US$67.

Gold: $1,346.96 (-$6.71, -0.50%)
Gold prices retreated as investor risk appetite for higher yields returns. The immediate support will be pegged around US$1,300.

Bursa Malaysia Trade Statistics - 16 Feb 18
Institutions:  Net SELL 44.2 mln (54.6%)
Retail:  Net SELL 15.5 mln (21.8%)
Foreign:  Net BUY 59.7 mln (23.6%)

Potential Momentum Stocks - 19 Feb 18 
Stock Name: EKOVEST (8877)
Entry: Buy above RM1.04
Target: RM1.10 (5.8%), RM1.18 (13.5%)
Stop: RM0.98 (-5.8%)
Shariah: Yes
Technical: Monitor for trendline breakout

Stock Name: GKENT (5204)
Entry: Buy above RM3.86
Target: RM4.09 (6.0%), RM4.20 (8.8%)
Stop: RM3.70 (-4.1%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Source: Bloomberg, M+ Online

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