Dow Jones: 24,984.55 pts (+401.13pts, +1.63%)
U.S. stockmarkets rebounded overnight as the Dow (+1.6%) recovered most of its previous session losses, boosted by a string of strong corporate earnings from Tesla, Microsoft and American Airlines. The immediate resistance is located at 25,000.

FBM KLCI: 1,686.59 pts (-3.45pts, -0.20%)
Tracking the weakness in Wall Street overnight, the FBM KLCI (-0.2%) trended lower for the sixth straight session. The immediate support is located at 1,670.

Crude Palm Oil: RM2,176 (-RM24, -1.09%)
Crude palm oil prices trended lower for the third straight session, closing at two-week low amid the sluggish export. The immediate support is located around RM2,200.

WTI Crude Oil: $67.33 (+$0.51, +0.76%)
Crude oil prices extended its gains as OPEC signals output cuts. The immediate resistance is located at US$70.

Gold: $1,232.17 (-$1.62, -0.13%)
Gold prices retreated after the U.S. Dollar appreciated against a basket of currencies. The immediate resistance is located around $1,250.

Bursa Malaysia Trade Statistics - 25 Oct 18
Institutions:  Net SELL 8.6 mln (54.0%)
Retail:  Net BUY 109.6 mln (23.1%)
Foreign:  Net SELL 101.0 mln (22.9%)

Potential Momentum Stocks - 26 Oct 18 
Stock Name: SERBADK (5279)
Entry: Buy above RM4.00
Target: RM4.28 (7.0%), RM4.50 (12.5%)
Stop: RM3.80 (-5.0%)
Shariah: Yes
Technical: Hammer candle

Stock Name: REACH (5256)
Entry: Buy above RM0.40
Target: RM0.46 (15.0%), RM0.48 (20.0%)
Stop: RM0.37 (-7.5%)
Shariah: Yes
Technical: Consolidation breakout

Source: Bloomberg, M+ Online

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