Dow Jones: 24,001.92 pts (+122.80pts, +0.51%)
U.S. stockmarkets recorded their fifth straight session of gains as the Dow added 0.5% to claw its way out from the correction territory. The immediate resistance is located at 24,500.
FBM KLCI: 1,678.88 pts (+11.05pts, +0.66%)
The FBM KLCI (+0.7%) recovered all its previous session losses after lingering in the positive territory for the entire trading session yesterday. The immediate resistance is located at 1,700.
Crude Palm Oil: RM2,163 (-RM19, -0.87%)
Crude palm oil prices retreated, dragged down by the higher-than-expected inventory level. The immediate resistance is located around RM2200.
WTI Crude Oil: $52.59 (+$0.23, +0.44%)
Crude oil prices advanced for the ninth straight session to mark its longest winning streak since 2010 on optimism that OPEC's production cut will provide alleviation to the oversupply glut. The immediate resistance is located at US$55.
Gold: $1,286.65 (-$6.91, -0.53%)
Gold prices retreated as demand for safe haven assets trended lower. The immediate resistance is located around $1,300.
Potential Momentum Stocks - 11 Jan 19
Stock Name: CCM (2879)
Entry: Buy above RM1.86
Target: RM2.00 (7.5%), RM2.10 (12.9%)
Stop: RM1.78 (-4.3%)
Shariah: Yes
Technical: Consolidation breakout
Stock Name: GHLSYS (0021)
Entry: Buy above RM1.70
Target: RM1.80 (5.9%), RM1.86 (9.4%)
Stop: RM1.61 (-5.3%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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moneykj
Goodway
2019-01-11 08:57