Dow Jones: 29,348.10 pts (+50.46pts, +0.17%)
U.S. stockmarkets ended the week on a strong footing to close at fresh record high levels as the Dow gained 0.2%, boosted by the strong corporate earnings reports, couple with the solid housing data. The immediate resistance is located at 29,500.

FBM KLCI: 1,595.81 pts (+7.93pts, +0.50%)
The FBM KLCI (+0.5%) registered its' third straight winning streak, lifted by gains in telco heavyweights on last Friday. The immediate resistance is located at 1,600.

Crude Palm Oil: RM2,837 (-RM49, -1.70%)
Crude palm oil prices trended lower for the fifth consecutive session to mark its' worst weekly decline in nine years on reports that India may curb import from Malaysia. The immediate support is located around RM2,800.

WTI Crude Oil: $58.54 (+$0.71, +1.23%)
Crude oil prices extended its' gains, boosted by OPEC and the allies' pledge to extend the production cut till end-2020. The immediate support is located at US$55.

Gold: $1,557.24 (+$4.73, +0.30%)
Gold prices recovered all its' previous session losses after the Greenback retreated against a basket of currencies. The immediate resistance is located around $1,600.

M+ Online Technical Trading Stocks - 20 Jan 20

Stock Name: OKA (7140)
Entry: Buy above RM0.78
Target: RM0.815 (4.5%), RM0.84 (7.7%)
Stop: RM0.75 (-3.8%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: SCANWLF (7239)
Entry: Buy above RM0.255
Target: RM0.28 (9.8%), RM0.290 (13.7%)
Stop: RM0.23 (-9.8%)
Shariah: Yes
Technical: Monitor for breakout

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.