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KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 24 Nov 2017, 08:30 AM

 

Daily Market Update - 23 Oct 2017 (SENDAI, LEWEKO)

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Dow Jones: 23,328.63 pts (+165.59pts, +0.71%)
Wall Street edged higher last Friday as the Dow gained 0.7% on hopes over the implementation of tax reformation plan by President Donald Trump. The immediate resistance is located at 23,500.

FBM KLCI: 1,740.65 pts (-3.34pts, -0.19%)
The FBM KLCI (-0.2%) endured further selling pressure on last Friday, bucking the positive performance across key regional indices. The immediate support is located at 1,730.

Crude Palm Oil: RM2,741 (+RM18, +0.66%)
Crude palm oil prices staged a mild recovery to trim its weekly losses as soybean oil prices rebounded. The immediate resistance is envisaged around RM2,800.

WTI Crude Oil: $51.84 (+$0.54, +1.06%)
Crude oil prices extended its gains after U.S. oil rig counts decline. The immediate resistance is located at US$55.

Gold: $1,280.47 (-$9.61, -0.74%)
Gold prices fell after demand for safe haven assets decline. The immediate support will be pegged around US$1,250.

Economic Releases:
CN - China's House Price Index, 9.30AM

Bursa Malaysia Trade Statistics - 20 Oct 17
Institutions:  Net BUY 0.2 mln (43.9%)
Retail:  Net BUY 7.2 mln (20.1%)
Foreign:  Net SELL 7.4 mln (36.0%)

Potential Momentum Stocks - 23 Oct 17 
Stock Name: SENDAI (5205)
Entry: Buy above RM0.935
Target: RM1.05 (12.3%), RM1.10 (17.6%)
Stop: RM0.87 (-7.0%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: LEWEKO (8745)
Entry: Buy above RM0.31
Target: RM0.34 (9.7%), RM0.36 (16.1%)
Stop: RM0.29 (-6.5%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Source: Bloomberg, M+ Online

 

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

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Labels: SENDAI, LEWEKO

Related Stocks

Chart Stock Name Last Change Volume 
SENDAI 0.90 +0.015 (1.69%) 503,100 
LEWEKO 0.30 -0.01 (3.23%) 592,400 

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