Dow Jones: 26,412.30 pts (+269.25pts, +1.03%)
U.S. stockmarkets recovered all of their weekly losses as the Dow surged 1.0%, lifted by stronger-than-expected corporate earnings. The immediate resistance is located at 27,000.
FBM KLCI: 1,630.17 pts (+5.94pts, +0.37%)
The FBM KLCI (+0.4%) rebounded amid bargain hunting activities from its previous session selloff. The immediate resistance is located at 1,650.
Crude Palm Oil: RM2,162 (+RM8, +0.37%)
Crude palm oil prices staged a mild recovery in tandem with the gains in soybean oil prices. The immediate support is located around RM2,100.
WTI Crude Oil: $63.89 (+$0.31, +0.49%)
Crude oil prices rebounded on the escalating geopolitical tension in Libya. The immediate resistance is located at US$67.
Gold: $1,290.43 (-$2.09, -0.16%)
Gold prices retreated as demand for safe haven assets fell out of favour. The immediate resistance is located around $1,350.
Technical Trading Stocks - 15 Apr 19
Stock Name: UNIMECH (7091)
Entry: Buy above RM1.11
Target: RM1.18 (6.3%), RM1.21 (9.0%)
Stop: RM1.05 (-5.4%)
Shariah: Yes
Technical: Breakout-pullback-continuation
Stock Name: MMCCORP (2194)
Entry: Buy above RM1.10
Target: RM1.18 (7.3%), RM1.21 (10.0%)
Stop: RM1.04 (-5.5%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout
Source: Bloomberg, M+ Online
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