KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 21 Sep 2018, 05:38 PM


Daily Market Update - 16 Oct 2017 (TUNEPRO, MMSV)

Author:   |    Publish date:

Dow Jones: 22,871.72 pts (+30.71pts, +0.13%)
Wall Street rebounded last Friday as the Dow added 0.1% amid the strong inflation data which boosted the possibility for Federal Reserve to increase interest rate in December. The immediate resistance is located at 23,000.

FBM KLCI: 1,755.32 pts (+1.32pts, +0.08%)
The FBM KLCI (+0.1%) rebounded in tandem with gains across key regional indices. The immediate support is located at 1,750.

Crude Palm Oil: RM2,757 (+RM38, +1.40%)
Crude palm oil prices rose for the third consecutive session, taking cue from the positive developments in soybean oil prices. The immediate support is envisaged around RM2,600.

WTI Crude Oil: $51.45 (+$0.85, +1.69%)
Crude oil prices advanced to record its biggest weekly gain since September 2017 as China import rose to record high level. The immediate resistance is located at US$52.

Gold: $1,303.82 (+$10.10, +0.78%)
Gold prices continue to trend higher on buying support ahead of the festive season. The immediate support will be pegged around US$1,250.

Economic Releases:
CN - China's Inflation Rate, 9.30AM
CN – China’s Producer Price Index., 9.30AM

Bursa Malaysia Trade Statistics - 13 Oct 17
Institutions:  Net BUY 81.1 mln (53.4%)
Retail:  Net SELL 8.1 mln (25.3%)
Foreign:  Net SELL 73.0 mln (21.3%)

Potential Momentum Stocks - 16 Oct 17 
Stock Name: TUNEPRO (5230)
Entry: Buy above RM1.19
Target: RM1.27 (6.7%), RM1.33 (11.8%)
Stop: RM1.12 (-5.9%)
Shariah: No
Technical: Monitor for breakout

Stock Name: MMSV (0113)
Entry: Buy above RM1.89
Target: RM2.05 (8.5%), RM2.20 (16.4%)
Stop: RM1.77 (-6.3%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Source: Bloomberg, M+ Online



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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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Related Stocks

Chart Stock Name Last Change Volume 
TUNEPRO 0.80 +0.025 (3.23%) 1,342,600 
MMSV 1.37 -0.03 (2.14%) 603,600 

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tecpower Buy semiconductor stocks like MMSV and KESM.
16/10/2017 08:54


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