M+ Online Morning Market Buzz - 1 Nov 22 
 
Dow Jones: 32,732.95 pts (-128.85pts, -0.39%) 
⬆️ Resistance:  33600 
⬇️ Support:  30800 
 
FBM KLCI: 1,460.38 pts (+13.07pts, +0.90%) 
⬆️ Resistance:  1500 
⬇️ Support:  1420 
 
HSI Index: 14,687.02 pts (-176.04pts, -1.18%) 
⬆️ Resistance:  16200 
⬇️ Support:  14400 
 
Crude Palm Oil: RM4,108 (+RM54, +1.33%) 
⬆️ Resistance:  4350 
⬇️ Support:  3890 
 
Brent Oil: $92.81 (-$0.96, -1.02%) 
⬆️ Resistance:  99.30 
⬇️ Support:  89.80 
 
Gold: $1,633.56 (-$11.30, -0.69%) 
⬆️ Resistance:  1710 
⬇️ Support:  1600 
 
M+ Online Technical Trading Stocks - 1 Nov 22 
 
Stock Name: SYSCORP (5173) 
Entry: Buy above RM0.76 
Target: RM0.81 (6.6%), RM0.85 (11.8%) 
Stop: RM0.71 (-6.6%) 
Shariah: Yes 
Technical: Monitor for breakout 
 
Stock Name: PECCA (5271) 
Entry: Buy above RM0.875 
Target: RM0.92 (5.1%), RM0.935 (6.9%) 
Stop: RM0.83 (-5.1%) 
Shariah: Yes 
Technical: Resistance breakout 
 
Source: Bloomberg, M+ Online

Market update: The FBM KLCI ended positively in tandem with the regional markets, thanks to the telecommunication sector as well as the plantation heavyweights. However, the profit taking activities on Wall Street after a significant rally may capped the upside potential on the local front. We expect the investors may take a cautious stance ahead of the important FOMC meeting that will conclude on the 2-Nov (US time). Meanwhile, traders may focus on GE15 theme and position within GLC-linked companies. Commodities wise, the Brent crude oil is gradually declining below USD95 but hovering above USD90, while the CPO price recouped above RM4,100.  
 
Sector focus: For the short-term trading, we believe investors may focus on the GE15 theme as well as re-tabling of Budget 2023 trading ideas. Also, with another telco firm executed the assess agreement with DNB, the telco sector may stay in focus at least for the near term. Meanwhile, we expect the plantation stocks to gain traction in tandem with the firmer FCPO price. 
 
Stocks to watch:  
 
Medical-related: KOSSAN, HEXCARE 
Telco: OMESTI, MICROLN 
Plantation: JTIASA, TAANN, TSH 
Technology: KOBAY, MYEG, QES 
Consumer: CSCENIC, FIAMMA, MYNEWS 
Others: BAUTO, ECOWLD  
 
Source: M+ Online

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