Dow Jones: 25,053.11 pts (-53.22pts, -0.21%)
U.S. stockmarkets closed mixed again as the Dow (-0.2%) recorded its fourth consecutive session of decline after erasing all its intraday gains as the next round of U.S.-China tariff negotiations in Beijing commenced, whilst both the S&P 500 and Nasdaq registered 0.1% gains. The immediate resistance is located at 25,500.

FBM KLCI: 1,688.56 pts (+2.04pts, +0.12%)
The FBM KLCI (+0.1%) managed to claw its way into the positive territory to close marginally higher, boosted by gains in selected banking heavyweights yesterday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,266 (-RM24, -1.05%)
Crude palm oil prices extended its losses amid the weak export data, coupled with the appreciation of Ringgit against the Greenback. The immediate resistance is located around RM2,300.

WTI Crude Oil: $52.41 (-$0.31, -0.59%)
Crude oil prices retreated, forming a hammer candle on concern over rising U.S. rig counts. The immediate resistance is located at US$55.

Gold: $1,308.12 (-$6.17, -0.47%)
Gold prices retreated after the Greenback appreciated against a basket of currencies. The immediate resistance is located around $1,350.

Potential Momentum Stocks - 12 Feb 19 
Stock Name: D&O (7204)
Entry: Buy above RM0.735
Target: RM0.785 (6.8%), RM0.805 (9.5%)
Stop: RM0.70 (-4.8%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: TEOSENG (7252)
Entry: Buy above RM1.07
Target: RM1.14 (6.5%), RM1.20 (12.1%)
Stop: RM1.01 (-5.6%)
Shariah: No
Technical: Monitor for 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.