Dow Jones: 24,640.24 pts (+354.29pts, +1.46%)
U.S. stockmarkets posted their biggest daily gain in two weeks as the Dow jumped 1.5% higher, boosted by gains in retail shares on optimism over Cyber Monday sales. The immediate support is located at 24,000.
FBM KLCI: 1,701.99 pts (+6.11pts, +0.36%)
Once again, the eleventh hour buying support in selected index heavyweights lifted the FBM KLCI (+0.4%) into the positive territory on Monday as the positive sentiment was also in line the solid performance across regional indices. The immediate resistance is located at 1,730.
Crude Palm Oil: RM1,972 (-RM72, -3.52%)
Crude palm oil prices extended its losses after Indonesia is expected to waive export duty to assist domestic planters. The immediate support is located around RM1950.
WTI Crude Oil: $51.63 (+$1.21, +2.40%)
Crude oil prices staged a sharp recovery from the previous session selloff on bargain hunting activities. The immediate resistance is located at US$55.
Gold: $1,222.40 (-$0.65, -0.05%)
Gold prices extended its losses after demand for safe haven assets dwindled. The immediate resistance is located around $1,250.
Potential Momentum Stocks - 27 Nov 18
Stock Name: EWEIN (7249)
Entry: Buy above RM0.63
Target: RM0.69 (9.5%), RM0.73 (15.9%)
Stop: RM0.595 (-5.6%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: IFCAMSC (0023)
Entry: Buy above RM0.23
Target: RM0.255 (10.9%), RM0.28 (21.7%)
Stop: RM0.205 (-10.9%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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