Dow Jones: 28,535.80 pts (-453.93pts, -1.57%)
U.S. stockmarkets took a slump as the Dow sank 1.6% on concern over the economic impact from the escalating coronavirus outbreak. The immediate resistance is located at 29,500.

FBM KLCI: 1,572.81 pts (-1.63pts, -0.10%)
The FBM KLCI (-0.1%) registered its' fifth consecutive session of decline on a lacklustre half day trading session ahead of the extended Chinese New Year break. The immediate support is located at 1,570.

Crude Palm Oil: RM2,861 (-RM64, -2.19%)
Crude palm oil prices extended its' weakness, mirroring the decline across other oil-related commodities. The immediate support is located around RM2,850.

WTI Crude Oil: $53.14 (-$1.05, -1.93%)
Crude oil prices registered its' fifth consecutive session of decline on concern over demand due to the coronavirus outbreak. The immediate support is located at US$55.

Gold: $1,582.06 (+$10.53, +0.67%)
Gold prices advanced for the fourth straight session as investors shifted their attention to safe haven assets following the renewed volatility across global equities. The immediate resistance is located around $1,600.

M+ Online Technical Trading Stocks - 28 Jan 20

Stock Name: RUBBEREX (7803)
Entry: Buy above RM0.605
Target: RM0.650 (7.4%), RM0.695 (14.9%)
Stop: RM0.58 (-4.1%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: WCEHB (3565)
Entry: Buy above RM0.38
Target: RM0.415 (9.2%), RM0.44 (15.8%)
Stop: RM0.36 (-5.3%)
Shariah: No
Technical: Pennant-formation breakout

Source: Bloomberg, M+ Online

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