Dow Jones: 28,859.44 pts (+124.99pts, +0.43%)
U.S. stockmarkets rebounded after advancing into the positive territory in the eleventh trading hour as the Dow gained 0.4%, boosted by a string of stronger-than-expected corporate earnings with the likes of Tesla and Microsoft. The immediate resistance is located at 29,500.

FBM KLCI: 1,545.59 pts (-4.88pts, -0.31%)
The FBM KLCI (-0.3%) finished lower for the eighth straight session, mirroring the weakness across its regional peers as the key index tumbled to close at fresh four-year low yesterday. The immediate support is located at 1,535.

Crude Palm Oil: RM2,652 (-RM71, -2.61%)
Crude palm oil prices erased some of its' previous session gains amid the lower petroleum prices, coupled with concern over demand due to the coronavirus outbreak. The immediate support is located around RM2,600.

WTI Crude Oil: $52.14 (-$1.19, -2.23%)
Crude oil prices extended its' losses as OPEC seeks for an emergency meeting to combat the potential sluggish demand from China. The immediate support is located at US$50.

Gold: $1,574.28 (-$2.55, -0.16%)
Gold prices ended lower after enduring a choppy trading session as investors shifted their attention to the strong corporate earnings data from U.S. The immediate resistance is located around $1,600.

Economic Releases:
JP - Japan's Unemployment Rate, 7.30AM
JP - Japan's Retail Sales, 7.50AM
CN - China's Non Manufacturing PMI, 9.00AM
CN - China's NBS Manufacturing PMI, 9.00AM

M+ Online Technical Trading Stocks - 31 Jan 20

Stock Name: GENETEC (0104)
Entry: Buy above RM1.18
Target: RM1.30 (10.2%), RM1.36 (15.3%)
Stop: RM1.10 (-6.8%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: TOMEI (7230)
Entry: Buy above RM0.49
Target: RM0.55 (12.2%), RM0.60 (22.4%)
Stop: RM0.455 (-7.1%)
Shariah: No
Technical: Consolidation breakout

Source: Bloomberg, M+ Online

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