Repost Steven Hee, [16.01.15 09:00], M+Online Morning Buzz: Dow-106.38 pts (-0.61%)@17,320.71. The U.S. major benchmark indices extended its losses for a fifth straight session led by losses in technology, financials and energy companies. The Swiss franc rallied more than 30.0% against both the euro and dollar after the Swiss National Bank removed the currency cap. The FBM KLCI staged a minor rebound yesterday underpinned by the strong institutional buying support amongst the financial heavyweights. The MACD Histogram has extended another green bar, while the RSI broke below the 50 level. The immediate resistance will be located around the 1,770-1,800 levels. Support is pegged around the 1,670-1,700 levels. Sector Focus: FBM ACE, O&G FBM ACE: YGL, MIKROMB, PRIVA, OCNCASH, SUNZEN, CAREPLS, NOVAMSC O&G: DIALOG, COASTAL, UZMA Others: PRLEXUS, OKA, FITTERS, NIHSIN Potential Momentum Stocks: CAREPLS (0163): Monitor for a breakout above RM0.455. TP: RM0.49-RM0.525. SL: RM0.70. PRLEXUS (8966): Price closed at a 10-year high of RM1.40. TP: RM1.55-1.78. SL: RM1.20. NOVAMSC (0026): Price experienced a breakout above RM0.15 with high volumes. TP: RM0.195-0.215. SL: RM0.14. Source: M+Online
Posted on: Fri, 16 Jan 2015 04:28:24 +0000