M+ Online Morning Market Buzz - 17 Oct 22 
 
Dow Jones: 29,634.83 pts (-403.89pts, -1.34%) 
⬆️ Resistance:  31100 
⬇️ Support:  28100 
 
FBM KLCI: 1,382.47 pts (+9.11pts, +0.66%) 
⬆️ Resistance:  1430 
⬇️ Support:  1350 
 
HSI Index: 16,587.69 pts (+198.58pts, +1.21%) 
⬆️ Resistance:  17800 
⬇️ Support:  16100 
 
Crude Palm Oil: RM3,833 (+RM168, +4.58%) 
⬆️ Resistance:  3970 
⬇️ Support:  3530 
 
Brent Oil: $91.63 (-$2.94, -3.11%) 
⬆️ Resistance:  100.80 
⬇️ Support:  89.30 
 
Gold: $1,644.47 (-$21.90, -1.31%) 
⬆️ Resistance:  1740 
⬇️ Support:  1610 
 
M+ Online Technical Focus - 17 Oct 22 
Samaiden Group Bhd: Powering up solar energy 
 
Trading Catalyst 
• Engages as a total solutions provider for the renewable energy and environment sectors in the Asia region and has completed more than 200 projects with total installed capacity of 300MWp. 
• Outstanding orderbook of RM358.0m, implies an orderbook-to-cover ratio of 2.4x against FY22 revenue of RM150.7m will sustain earnings visibility in next 2 years. 
• Solar panel prices appear to be coming off from their peak in recent months following the gradual easing of supply chain bottleneck. 
• Technically, traders may anticipate for a potential breakout above RM0.73 to target the next resistances at RM0.76-0.785 with long term target at RM0.845. 
 
Technical View 
 
(i) SAMAIDEN (S: RM0.65, R: RM0.76-0.785, LT TP: RM0.845, CL: RM0.645) 
 
S: Support, R: Resistance, LT TP: Long term target price, CL: Cut loss 
 
Source: Bloomberg, M+ Online

Economic Releases For The Week (17/10/2022-21/10/2022): 
 
17/10/2022 
JP - Japan's Industrial Production, 12.30PM 
US - United States' NY State Manufacturing Index, 8.30PM 
 
18/10/2022 
CN - China's 3Q22 GDP Growth Rate, 10.00AM 
CN - China's Industrial Production, 10.00AM 
CN - China's Retail Sales, 10.00AM 
CN - China's Unemployment Rate, 10.00AM 
EU - Eurozone's ZEW Economic Sentiment Index, 5.00PM 
US - United States' Industrial Production, 9.15PM 
US - United States' Manufacturing Production, 9.15PM 
 
19/10/2022 
UK - United Kingdom's Inflation Rate, 2.00PM 
EU - Eurozone's Inflation Rate, 5.00PM 
 
20/10/2022 
US - United States' Existing Home Sales, 10.00PM 
 
21/10/2022 
JP - Japan's Inflation Rate, 7.30AM 
MY - Malaysia's Inflation Rate, 12.00PM 
UK - United Kingdom's Retail Sales, 2.00PM 
 
Source: Bloomberg, M+ Online
 

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