Dow Jones: 26,656.39 pts (+145.34pts, +0.55%)
U.S. stockmarkets edged higher, spurred by a string of stronger-than-expected corporate earnings as the Dow added 0.6%, whilst the S&P 500 (+0.9%) finished at a fresh all-time high at 2,933.68 level. The immediate resistance is located at 27,000.

FBM KLCI: 1,627.44 pts (+5.38pts, +0.33%)
The FBM KLCI (+0.3%) trended higher, boosted by bargain hunting activities in beaten down glove manufacturer heavyweights. The immediate support is located at 1,610.

Crude Palm Oil: RM2,170 (-RM2, -0.09%)
Crude palm oil prices extended its losses, weighed down by the on-going concern over the high inventory level. The immediate support is located around RM2,100.

WTI Crude Oil: $66.30 (+$0.60, +0.91%)
Crude oil prices extended its gains on Iranian oil sanctions decision by U.S. authorities. The immediate resistance is located at US$67.

Gold: $1,272.42 (-$2.57, -0.20%)
Gold prices extended its losses to close at its lowest level year-to-date amid the rising appetite for riskier assets. The immediate support is located around $1,250.

Economic Releases:
MY - Malaysia's Inflation Rate, 12.00PM

Technical Trading Stocks - 24 Apr 19 
Stock Name: WTK (4243)
Entry: Buy above RM0.67
Target: RM0.715 (6.7%), RM0.77 (14.9%)
Stop: RM0.64 (-4.5%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Stock Name: COMFORT (2127)
Entry: Buy above RM0.865
Target: RM0.915 (5.8%), RM0.965 (11.6%)
Stop: RM0.83 (-4.0%)
Shariah: Yes
Technical: Bullish engulfing candle

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.