Dow Jones: 26,935.07 pts (-159.72pts, -0.59%)
U.S. stockmarkets extended their losses as the Dow (-0.6%) reversed all its intraday gains amid the uncertainty surrounding the Sino-U.S. trade progress. The immediate resistance is located at 27,400.

FBM KLCI: 1,597.41 pts (+1.13pts, +0.07%)
The FBM KLCI (+0.1%) eked out mild gains, boosted by the eleventh hour buying support in selected index heavyweights last Friday as institutional investors re-balanced their portfolios. The immediate support is located at 1,590.

Crude Palm Oil: RM2,225 (-RM20, -0.89%)
Crude palm oil prices trended lower for the third straight session, dragged down by the slowing exports amid the firmer Ringgit against the Greenback. The immediate support is located around RM2,200.

WTI Crude Oil: $58.09 (-$0.04, -0.07%)
Crude oil prices ended on a flattish note, but marked its best weekly gain in 8 weeks rising 5.9% W.o.W. The immediate resistance is located at US$64.

Gold: $1,516.90 (+$17.87, +1.19%)
Gold prices extended its gains amid the renewed uncertainty surrounding the U.S>-China trade progress. The immediate resistance is located around $1,550.

M+ Online Technical Trading Stocks - 23Sep19

Stock Name: ELSOFT (0090)
Entry: Buy above RM0.905
Target: RM0.98 (8.3%), RM1.01 (11.6%)
Stop: RM0.88 (-2.8%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: SUCCESS (7207)
Entry: Buy above RM0.995
Target: RM1.05 (5.5%), RM1.12 (12.6%)
Stop: RM0.95 (-4.5%)
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.