Dow Jones: 28,551.53 pts (+96.44pts, +0.34%)
U.S. stockmarkets recorded their third straight winning streak as the Dow climbed 0.3% on the de-escalation of Sino-U.S. trade war. The immediate resistance is located at 28,750.
FBM KLCI: 1,614.18 pts (+4.00pts, +0.25%)
The FBM KLCI (+0.3%) extended its' gains, taking cue from the positive developments between Sino-U.S. trade progress, coupled with the on-going window dressing activities. The immediate resistance is located at 1,620.
Crude Palm Oil: RM2,907 (-RM5, -0.17%)
Crude palm oil prices staged a mild pullback from three-year high, mirroring the weakness in petroleum prices. The immediate resistance is located around RM2,950.
WTI Crude Oil: $60.52 (+$0.08, +0.13%)
Crude oil prices recovered all its' intraday losses to trend higher despite reports that OPEC and allies' supply curbs may eased. The immediate resistance is located at US$64.
Gold: $1,485.79 (+$7.57, +0.51%)
Gold prices extended its gains but remain in the consolidation band on concern over a potentially hard Brexit. The immediate resistance is located around $1,500.
M+ Online Technical Trading Stocks - 24 Dec 19
Stock Name: COMFORT (2127)
Entry: Buy above RM0.79
Target: RM0.835 (5.7%), RM0.865 (9.5%)
Stop: RM0.77 (-2.5%)
Shariah: Yes
Technical: Flag-formation breakout
Stock Name: POS (4634)
Entry: Buy above RM1.51
Target: RM1.67 (10.6%), RM1.77 (17.2%)
Stop: RM1.40 (-7.3%)
Shariah: Yes
Technical: Bullish engulfing candle
Source: Bloomberg, M+ Online
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