Dow Jones: 25,850.63 pts (-103.81pts, -0.40%)
U.S. stockmarkets retreated overnight as the Dow slipped 0.4% amid a barrage of weaker-than-expected economic data from Manufacturing Purchasing Manager's Index, Philadelphia Federal Reserve Business Index and Durable Goods Orders. The immediate resistance is located at 26,000.

FBM KLCI: 1,730.68 pts (+4.50pts, +0.26%)
The FBM KLCI (+0.3%) registered its third straight session of gains in tandem with the mostly positive sentiment across the Asia region yesterday. The immediate resistance is located at 1,740.

Crude Palm Oil: RM2,264 (+RM19, +0.85%)
Crude palm oil prices rebounded, taking cue from the higher soybean oil prices. The immediate resistance is located around RM2,300.

WTI Crude Oil: $56.96 (+$0.04, +0.07%)
Crude oil prices advanced, but gains were limited due to the record high U.S. production level. The immediate resistance is located at US$60.

Gold: $1,323.63 (-$14.81, -1.11%)
Gold prices extended its losses amid the build-up of optimism stemmed from the U.S. and China trade talks. The immediate resistance is located around $1,350.

Economic Releases:
JP - Japan's Inflation Rate, 7.30AM
MY - Malaysia's Inflation Rate, 3.00PM
EU - Eurozone's Inflation Rate, 6.00PM

Potential Momentum Stocks - 22 Feb 19 
Stock Name: NOTION (0083)
Entry: Buy above RM0.67
Target: RM0.725 (8.2%), RM0.755 (12.7%)
Stop: RM0.64 (-4.5%)
Shariah: Yes
Technical: Resistance breakout

Stock Name: BAHVEST (0098)
Entry: Buy above RM0.51
Target: RM0.55 (7.8%), RM0.59 (15.7%)
Stop: RM0.48 (-5.9%)
Shariah: Yes
Technical: Breakout-pullback-continuation

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.