Dow Jones: 28,586.90 pts (+161.39pts, +0.57%)
⬆ Resistance:  29300
⬇ Support:  27200

FBM KLCI: 1,530.35 pts (+10.92pts, +0.72%)
⬆ Resistance:  1570
⬇ Support:  1460

HSI Index: 24,119.13 pts (-74.22pts, -0.31%)
⬆ Resistance:  24900
⬇ Support:  23300

Crude Palm Oil: RM2,911 (+RM23, +0.80%)
⬆ Resistance:  3010
⬇ Support:  2640

Brent Oil: $42.85 (-$0.49, -1.13%)
⬆ Resistance:  44.50
⬇ Support:  38.40

Gold: $1,930.40 (+$36.58, +1.93%)
⬆ Resistance:  1970
⬇ Support:  1840

Source: Bloomberg, M+ Online

M+ Online Technical Focus - 10 Oct 20
*Innature Bhd: Mitigated by e-commerce surge *

Trading Catalyst
• One of the leading regional retailers of cosmetics and personal care ("CPC") products, under the brand; The Body Shop and Natura.
• Operates a total of 121 retail stores across West Malaysia, Sabah, Labuan, Vietnam and Cambodia with products also sold via selected third-party online stores such as Hermo, Tiki, Lazada and Shopee.
• Surge in e-commerce channel will continue to cushion the weakness from the retail stores channel over the foreseeable future.
• Technically, a flag-formation breakout above RM0.44 suggests for further upside that may drive share price towards the next resistances at RM0.475-RM0.495 with long term target at RM0.505.

Technical View

(i) INNATURE (S: RM0.425, R: RM0.475-0.495, LT TP:RM0.525, CL:RM0.42)

S: Support, R: Resistance, LT TP: Long term target price, CL: Cut loss

Source: Bloomberg, M+ Online

Economic Releases For The Week (12/10/2020-16/10/2020):

12/10/2020
JP - Japan's Machinery Orders, 7.50AM
JP - Japan's Producer Price Index, 7.50AM
MY - Malaysia's Industrial Production, 12.00PM
MY - Malaysia's Retail Sales, 12.00PM

13/10/2020
MY - Malaysia's Unemployment Rate, 12.00PM
UK - United Kingdom's Unemployment Rate, 4.30PM
EU - Eurozone's ZEW Economic Sentiment Index, 5.00PM
US - United States' Inflation Rate, 8.30PM

14/10/2020
JP - Japan's Industrial Production, 12.30PM
EU - Eurozone's Industrial Production, 5.00PM
US - United States' Producer Price Index, 8.30PM

15/10/2020
CN - China's Inflation Rate, 9.30AM
CN - China's Producer Price Index, 9.30AM

16/10/2020
EU - Eurozone's Inflation Rate, 5.00PM
US - United States' Retail Sales, 8.30PM
US - United States' Industrial Production, 9.15PM
US - United States' Manufacturing Production, 9.15PM

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