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[19/03 8:01 am] NG M+online Shm: *M+ Online Morning Buzz - 19Mar18*

*Dow Jones: 24,946.51 pts (+72.85pts, +0.29%)*
U.S. stockmarkets advanced last Friday as the Dow gained 0.3%, boosted by the industrial production data that rose 4.4% Y.o.Y in February 2018 - the biggest advance since March 2011. The immediate resistance is located at 25,500.

*FBM KLCI: 1,846.39 pts (+1.12pts, +0.06%)*
The FBM KLCI (+0.1%) staged a mild recovery last Friday, lifted by buying support in selected telco heavyweights. The immediate support is located at 1,840.

*Crude Palm Oil: RM2,416 (-RM25, -1.02%)*
Crude palm oil prices sank lower amid the potential rising production in March 2018. The immediate support is envisaged around RM2,350.

*WTI Crude Oil: $62.34 (+$1.15, +1.87%)*
Crude oil prices rallied, despite the number of oil rigs continue to increase in U.S. The immediate resistance is located at US$63.

*Gold: $1,314.24 (-$1.86, -0.14%)*
Gold prices trended lower for the third straight session as investors were cautious on the upcoming Fed meeting. The immediate support will be pegged around US$1,300.

*Bursa Malaysia Trade Statistics - 16Mar18*
Institutions:  *Net BUY* 274.6 mln (38.5%)
Retail:  *Net SELL* 47.1 mln (12.2%)
Foreign:  *Net SELL* 227.5 mln (49.3%)

*Potential Momentum Stocks - 19Mar18*
*Stock Name: CAB (7174)*
Entry: Buy above RM0.935
Target: RM0.995 (6.4%), RM1.08 (15.5%)
Stop: RM0.90 (-3.7%)
Shariah: Yes
Technical: Consolidation breakout

*Stock Name: TEOSENG (7252)*
Entry: Buy above RM1.03
Target: RM1.14 (10.7%), RM1.20 (16.5%)
Stop: RM0.97 (-5.8%)
Shariah: Yes
Technical: Trendline breakout

_*Source: Bloomberg, M+ Online*_
[19/03 8:52 am] NG M+online Shm: Good morning! 🌞 Malaysia stock equities market is expected to be fueled by some *buying sentiment* 📈, following an overnight gains in the U.S market last Friday. However, some traders might stay on sidelines ahead of the Federal Reserve's two-day policy meeting later in the week.

Following the *profitable* 💰💰 calls on CCMDBIO, WILLOW, DNEX last week, below are some potential counters for today's *intraday trading (PROFIT with 1 TICK)* with *exemption on stamp duty fees*:

1. *TEOSENG (7252)*, stop @ 0.98
2. *ECONBHD (5253)*, stop @ 0.995
3. *MEDIA (4502)*, stop @ 0.405
4. *UCHITEC (7100)*, stop @ 2.63

Traders could monitor stock above ☝🏻for *potential momentum* on intraday trading entry. *Immediate stop loss* can put at *yesterday closing price* and ultimately stop loss price mentioned above. Happy Trading 💪🏻💪🏻



Disclaimer: The opinions and information herein are based on available data believed to be reliable and shall not be construed as an offer, invitation or solicitation to buy or sell any securities. Malacca Securities ('MS') does not warrant, represent and/or guarantee the accuracy of any opinions and information herein in any manner whatsoever and no reliance upon any parts thereof by anyone shall give rise to any claim whatsoever against MS.