Dow Jones: 28,164.00 pts (+42.32pts, +0.15%)
U.S. stockmarkets finished at another fresh record high level as the Dow rose 0.2%, boosted by the upward revision of 3Q2019 GDP data at 2.1% Y.o.Y vs. 1.9% Y.o.Y recorded in the initial data. The immediate resistance is located at 28,500.

FBM KLCI: 1,587.18 pts (+3.31pts, +0.21%)
The FBM KLCI (+0.2%) rebounded, taking cue from the positive sentiment on Wall Street as bargain hunting activities in selected index heavyweights took precedence. The immediate resistance is located at 1,600.

Crude Palm Oil: RM2,687 (+RM11, +0.41%)
Crude palm oil prices rebounded on expectations over lower supply from Malaysia. The immediate support is located around RM2,700.

WTI Crude Oil: $58.11 (-$0.30, -0.51%)
Crude oil prices retreated on rising U.S. inventory level, coupled with higher production. The immediate resistance is located at US$60.

Gold: $1,454.44 (-$6.95, -0.48%)
Gold prices retreated as demand for safe haven assets dwindled, coupled with the stronger U.S. Dollar against a basket of currencies. The immediate resistance is located around $1,500.

Economic Releases:
MY - Malaysia's Producer Price Index, 12.00PM
EU - Eurozone's Business Confidence, 6.00PM
EU - Eurozone's Economic Sentiment, 6.00PM
EU - Eurozone's Industrial Sentiment, 6.00PM
EU - Eurozone's Services Sentiment, 6.00PM
EU - Eurozone's Consumer Confidence, 6.00PM

M+ Online Technical Trading Stocks - 28 Nov 19

Stock Name: NADIBHD (0206)
Entry: Buy above RM0.29
Target: RM0.31 (6.9%), RM0.33 (13.8%)
Stop: RM0.275 (-5.2%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: TOPGLOV (7113)
Entry: Buy above RM4.62
Target: RM4.79 (3.7%), RM4.90 (6.1%)
Stop: RM4.50 (-2.6%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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