Dow Jones: 28,004.89 pts (+222.93pts, +0.80%)
U.S. stockmarkets closed at fresh record high levels as the Dow (+0.8%) surged above the 28,000 psychological level, spurred by the optimism surrounding U.S.-China trade negotiations progress. The immediate resistance is located at 28,500.

FBM KLCI: 1,594.75 pts (+1.20pts, +0.08%)
The FBM KLCI (+0.1%) rebounded after trading in a choppy manner following the release of 3Q2019 GDP that expanded 4.4% Y.o.Y - in line with economists' estimates. The immediate resistance is located at 1,620.

Crude Palm Oil: RM2,607 (-RM26, -0.99%)
Crude palm oil prices retreated as demand from India slipped, coupled with the rising Ringgit against the U.S. Dollar. The immediate resistance is located around RM2,650.

WTI Crude Oil: $57.72 (+$0.95, +1.67%)
Crude oil prices recovered all its' previous session losses on the back of falling U.S. oil rig count, coupled with optimism over improving demand. The immediate resistance is located at US$58.

Gold: $1,468.21 (-$3.19, -0.22%)
Gold prices snapped a three-day winning streak as investors opted for riskier assets, coupled with the stronger U.S. Dollar against a basket of currencies. The immediate resistance is located around $1,500.

M+ Online Technical Trading Stocks - 18 Nov 19

Stock Name: SCOMNET (0001)
Buy above RM0.855
Target: RM0.91 (6.4%), RM0.975 (14.0%)
Stop: RM0.825 (-3.5%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: GADANG (9261)
Entry: Buy above RM0.74
Target: RM0.77 (4.1%), RM0.81 (9.5%)
Stop: RM0.71 (-4.1%)
Shariah: Yes
Technical: Bullish engulfing candle

Source: Bloomberg, M+ Online

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