FBM KLCI: 1,591.48 pts (+1.87pts, +0.12%)
The FBM KLCI (+0.1%) managed to hold onto its gains after delivering a lacklustre performance; trading in a tight range after the key index recovered all its intraday losses on the back of gains in gloves heavyweights. Market breadth turned positive as gainers overcame the losers by a ratio of 582-to-505 stocks. All healthcare sector (+4.9%) staged a strong recovery from the two-day pullback, lifted by gains from Kossan (+RM2.90), Hartalega (+62.0 sen) and Top Glove (+44.0 sen).

Top 3 Active stocks:
XOX (0165): RM0.245 (+6.5 sen)
IRIS (0010): RM0.325 (+3.0 sen)
PDZ (6254): RM0.16 (+1.0 sen)

Volume: 11.61 bln (100-day avg vol: 6.54 bln)
Value: RM6.23 bln
Market Breadth: ⬆:582 ⬇:505
Crude palm oil: RM2,694 (-RM84)
Dow Futures: 26,406 pts (+84 pts)

M+ Online Technical Trading Stocks - 28 Jul 20

Stock Name: MBL (5152)
Entry: Buy around RM1.49
Target: RM1.60 (7.4%), RM1.70 (14.1%)
Stop: RM1.42 (-4.7%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Stock Name: SASBADI (5252)
Entry: Buy above RM0.15
Target: RM0.17 (13.3%), RM0.18 (20.0%)
Stop: RM0.135 (-10.0%)
Shariah: Yes
Technical: Monitor for trendline breakout

Source: Bloomberg, M+ Online

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