M+ Online Morning Market Buzz - 27 Oct 22 
 
Dow Jones: 31,839.11 pts (+2.37pts, +0.01%) 
⬆️ Resistance:  32900 
⬇️ Support:  29700 
 
FBM KLCI: 1,454.98 pts (+10.57pts, +0.73%) 
⬆️ Resistance:  1490 
⬇️ Support:  1390 
 
HSI Index: 15,317.67 pts (+152.08pts, +1.00%) 
⬆️ Resistance:  16800 
⬇️ Support:  14700 
 
Crude Palm Oil: RM4,194 (+RM73, +1.77%) 
⬆️ Resistance:  4350 
⬇️ Support:  3970 
 
Brent Oil: $95.69 (+$2.17, +2.32%) 
⬆️ Resistance:  98.20 
⬇️ Support:  89.20 
 
Gold: $1,664.57 (+$11.40, +0.69%) 
⬆️ Resistance:  1710 
⬇️ Support:  1590 
 
M+ Online Technical Trading Stocks - 27 Oct 22 
 
Stock Name: CEPAT (8982) 
Entry: Buy above RM0.72 
Target: RM0.75 (4.2%), RM0.765 (6.3%) 
Stop: RM0.69 (-4.2%) 
Shariah: Yes 
Technical: Monitor for breakout 
 
Stock Name: PECCA (5271) 
Entry: Buy above RM0.855 
Target: RM0.905 (5.8%), RM0.935 (9.4%) 
Stop: RM0.81 (-5.3%) 
Shariah: Yes 
Technical: Resistance breakout 
 
Source: Bloomberg, M+ Online

Market update: The FBM KLCI rallied higher in tandem with most of the regional markets as telecommunications, plantation, and healthcare heavyweights in focus. As the Wall Street hit the resistance and took a breather after the significant rebound over the past two weeks after investors digested weaker earnings from big technology giants, we expect the negative sentiment may spill over to the regional and local bourses. Commodities wise, the Brent oil price surged above USD95 boosted by the US record exports as well as weaker USD, while the CPO price hovered above RM4,190. 

Sector focus: The technology stocks may see a mild pullback following the selldown on Wall Street. Meanwhile, given the uncertain market environment, we expect buying momentum to remain positive in the healthcare sector especially the glove counters. Besides, we believe the O&G to gain traction in the near term with the firmer Brent oil price.

Stocks to watch: 

Gloves: ADVENTA, CAREPLS, KOSSAN, SCOMNET, SUPERMX, TOPGLOV 
Consumer: BJFOOD, KTC
Plantation: CEPAT, JTIASA, SOP
Technology: INFOTEC, SAM
Others: CSCENIC, EIB, PBBANK, PECCA TGUAN

Source: M+ Online

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