KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Wed, 24 Apr 2019, 5:32 PM


Daily Market Update - 23 Apr 2018 (WASEONG, PADINI)

Author:   |    Publish date:

Dow Jones: 24,462.94 pts (-201.95pts, -0.82%)
U.S. stockmarkets extended their losses last Friday as the Dow slipped 0.8%, dragged down by weakness in Apple (-4.1%). The immediate resistance is located at 25,000.

FBM KLCI: 1,887.75 pts (-7.43pts, -0.39%)
The FBM KLCI (-0.4%) retreated amid signs of profit taking activities in line with the weakness across Asia benchmark indices. The immediate resistance is located at 1,900.

Crude Palm Oil: RM2,414 (+RM11, +0.46%)
Crude palm oil prices rebounded on expectation over lower production and stockpile in April and May. The immediate support is envisaged around RM2,350.

WTI Crude Oil: $68.40 (+$0.11, +0.16%)
Crude oil prices closed marginally higher as investors continue to eye on the political developments in Middle East.  The immediate resistance is located at US$70.

Gold: $1,336.36 (-$9.17, -0.68%)
Gold prices extended its losses as concern over the geopolitical tension eased. The immediate resistance will be pegged around US$1,360.

Bursa Malaysia Trade Statistics - 20 Apr 18
Institutions:  Net SELL 31.6 mln (55.1%)
Retail:  Net BUY 11.0 mln (21.0%)
Foreign:  Net BUY 20.6 mln (23.9%)

Potential Momentum Stocks - 23 Apr 18 
Stock Name: WASEONG (5142)
Entry: Buy above RM1.50
Target: RM1.71 (14.0%), RM1.80 (20.0%)
Stop: RM1.33 (-11.3%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: PADINI (7052)
Entry: Buy above RM4.80
Target: RM5.34 (11.3%), RM5.49 (14.4%)
Stop: RM4.48 (-6.7%)
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 
WASEONG 0.77 0.00 (0.00%)
PADINI 4.01 0.00 (0.00%)

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