Dow Jones: 25,444.34 pts (+64.89pts, +0.26%)
U.S. stockmarkets closed mixed last Friday as the Dow gained 0.3%, boosted by solid corporate earnings from Procter & Gamble (+8.8%), but the broader market saw the S&P 500 and Nasdaq finished 0.04% and 0.1% lower respectively. The immediate resistance is located at 26,000.

FBM KLCI: 1,732.14 pts (-5.87pts, -0.34%)
The FBM KLCI (-0.3%) extended its losses, forming a hammer candle on bargain hunting activities in selected blue chips. The immediate resistance is located at 1,770.

Crude Palm Oil: RM2,224 (-RM15, -0.67%)
Crude palm oil prices extended its losses, taking cue from the weakness in soybean oil prices. The immediate support is located around RM2,200.

WTI Crude Oil: $69.12 (+$0.47, +0.69%)
Crude oil prices retreated after Norway's production appears to decline more-than-expected. The immediate support is located at US$67.

Gold: $1,226.49 (+$0.68, +0.06%)
Gold prices extended its gains amid improved demand following the recent volatility in bond yields and equities. The immediate resistance is located around $1,250.

Bursa Malaysia Trade Statistics - 19 Oct 18
Institutions:  Net SELL 10.9 mln (42.6%)
Retail:  Net BUY 45.9 mln (22.0%)
Foreign:  Net SELL 35.0 mln (35.4%)

Potential Momentum Stocks - 22 Oct 18 
Stock Name: LONBISC (7126)
Entry: Buy above RM0.55
Target: RM0.585 (6.4%), RM0.61 (10.9%)
Stop: RM0.52 (-5.5%)
Shariah: No
Technical: Trendline breakout

Stock Name: VS (6963)
Entry: Buy above RM1.67
Target: RM1.80 (7.8%), RM1.95 (16.8%)
Stop: RM1.58 (-5.4%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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