M+ Online Morning Market Buzz - 22 Aug 23

Dow Jones: 34,463.69 pts (-36.97pts, -0.11%)
⬆ Resistance: 36000
⬇ Support: 33600

FBM KLCI: 1,450.57 pts (+4.48pts, +0.31%)
⬆ Resistance: 1500
⬇ Support: 1420

HSI Index: 17,623.29 pts (-327.56pts, -1.82%)
⬆ Resistance: 19200
⬇ Support: 17300

Crude Palm Oil: RM3,915 (-RM21, -0.53%)
⬆ Resistance: 4060
⬇ Support: 3610

Brent Oil: $84.46 (-$0.34, -0.40%)
⬆ Resistance: 88.50
⬇ Support: 81.40

Gold: $1,894.93 (+$5.62, +0.30%)
⬆ Resistance: 1950
⬇ Support: 1850

M+ Online Technical Trading Stocks - 22 Aug 23

Stock Name: PEKAT (0233)
Entry: Buy above RM0.505
Target: RM0.535 (5.9%), RM0.570 (12.9%)
Stop: RM0.490 (-3.0%)
Shariah: Yes
Technical: Impending flag-formation breakout

Stock Name: RANHILL (5030)
Entry: Buy above RM0.620
Target: RM0.660 (6.5%), RM0.700 (12.9%)
Stop: RM0.600 (-3.2%)
Shariah: Yes
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

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