Dow Jones: 24,462.94 pts (-201.95pts, -0.82%)
U.S. stockmarkets extended their losses last Friday as the Dow slipped 0.8%, dragged down by weakness in Apple (-4.1%). The immediate resistance is located at 25,000.
FBM KLCI: 1,887.75 pts (-7.43pts, -0.39%)
The FBM KLCI (-0.4%) retreated amid signs of profit taking activities in line with the weakness across Asia benchmark indices. The immediate resistance is located at 1,900.
Crude Palm Oil: RM2,414 (+RM11, +0.46%)
Crude palm oil prices rebounded on expectation over lower production and stockpile in April and May. The immediate support is envisaged around RM2,350.
WTI Crude Oil: $68.40 (+$0.11, +0.16%)
Crude oil prices closed marginally higher as investors continue to eye on the political developments in Middle East. The immediate resistance is located at US$70.
Gold: $1,336.36 (-$9.17, -0.68%)
Gold prices extended its losses as concern over the geopolitical tension eased. The immediate resistance will be pegged around US$1,360.
Bursa Malaysia Trade Statistics - 20 Apr 18
Institutions: Net SELL 31.6 mln (55.1%)
Retail: Net BUY 11.0 mln (21.0%)
Foreign: Net BUY 20.6 mln (23.9%)
Potential Momentum Stocks - 23 Apr 18
Stock Name: WASEONG (5142)
Entry: Buy above RM1.50
Target: RM1.71 (14.0%), RM1.80 (20.0%)
Stop: RM1.33 (-11.3%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: PADINI (7052)
Entry: Buy above RM4.80
Target: RM5.34 (11.3%), RM5.49 (14.4%)
Stop: RM4.48 (-6.7%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout
Source: Bloomberg, M+ Online
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