Dow Jones: 26,743.50 pts (+86.52pts, +0.32%)
U.S. stockmarkets ended on a mixed note last Friday as the Dow added 0.3%, but the broader market saw the S&P 500 and Nasdaq finished 0.04% and 0.5% lower respectively. The immediate resistance is located at 27,000.

FBM KLCI: 1,810.64 pts (+6.94pts, +0.38%)
The FBM KLCI (+0.4%) extended its gains on last Friday, taking cue from the positive developments in Wall Street. The immediate resistance is located at 1,830.

Crude Palm Oil: RM2,143 (-RM3, -0.14%)
Crude palm oil prices edged lower for the fifth straight session to close at three-year low after the Ringgit appreciated against the Greenback. The immediate support is located around RM2,100.

WTI Crude Oil: $70.78 (-$0.02, -0.03%)
Crude oil prices closed on a flattish note after OPEC signals no rush to increase production. The immediate resistance is located at US$72.

Gold: $1,200.04 (-$7.14, -0.59%)
Gold prices retreated after the concern over trade dispute between U.S. and China eased. The immediate support will be pegged around US$1,150.

Bursa Malaysia Trade Statistics - 21Sep18
Institutions:  Net SELL 270.6 mln (35.8%)
Retail:  Net SELL 37.2 mln (12.8%)
Foreign:  Net BUY 307.8 mln (51.4%)

Potential Momentum Stocks - 24Sep18 
Stock Name: GCB (5102)
Entry: Buy above RM2.14
Target: RM2.35 (9.8%), RM2.40 (12.1%)
Stop: RM2.01 (-6.1%)
Shariah: No
Technical: Breakout-pullback-continuation

Stock Name: EVERGRN (5101)
Entry: Buy above RM0.54
Target: RM0.58 (7.4%), RM0.60 (11.1%)
Stop: RM0.505 (-6.5%)
Shariah: Yes
Technical: Trendline breakout

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.