Dow Jones: 28,645.26 pts (+23.87pts, +0.08%)
U.S. stockmarkets climbed higher as the Dow rose 0.1%, building on to the year-end rally as we approach the final trading days of the year. The immediate resistance is located at 28,750.

FBM KLCI: 1,610.61 pts (+7.06pts, +0.44%)
The FBM KLCI (+0.4%) formed a bullish engulfing candle on the resumption of window dressing activities on the key index. The immediate resistance is located at 1,620.

Crude Palm Oil: RM3,073 (+RM68, +2.26%)
Crude palm oil prices powered sharply higher amid rising concern over production, coupled with the stronger demand from biofuel mandate. The immediate resistance is located around RM3,135.

WTI Crude Oil: $61.72 (+$0.57, +0.93%)
Crude oil prices trended recorded its' fourth straight winning streak after the Energy Information Administration reported a larger-than-expected drawdown in U.S. inventory level. The immediate resistance is located at US$64.

Gold: $1,510.56 (+$11.69, +0.78%)
Gold prices staged a mild pullback to snap a four-day winning streak after the Greenback advanced against a basket of currencies. The immediate resistance is located around $1,550.
M+ Online Technical Trading Stocks - 30 Dec 19

Stock Name: VSTECS (5162)
Entry: Buy above RM1.50
Target: RM1.60 (6.7%), RM1.67 (11.3%)
Stop: RM1.45 (-3.3%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Stock Name: WASEONG (5142)
Entry: Buy above RM1.17
Target: RM1.25 (6.8%), RM1.33 (13.7%)
Stop: RM1.12 (-4.3%)
Shariah: Yes
Technical: Consolidation breakout

Source: Bloomberg, M+ Online

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