KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 15 Nov 2019, 5:38 PM


Daily Market Update - 23 Jul 2018 (FPI, PUNCAK)

Author:   |    Publish date:

Dow Jones: 25,058.12 pts (-6.38pts, -0.03%)
U.S. stockmarkets edged marginally lower as the Dow fell 0.03% on lingering concern over trade tariffs with international counterparts. The immediate resistance is located at 25,500.

FBM KLCI: 1,754.67 pts (-4.57pts, -0.26%)
Profit taking activities sent the FBM KLCI (-0.3%) to halt a nine-day winning streak last Friday. The immediate resistance is located at 1,760.

Crude Palm Oil: RM2,194 (+RM1, +0.05%)
Crude palm oil prices formed a hammer candle after recovering all its intraday losses. The immediate support is located around RM2,160.

WTI Crude Oil: $70.46 (+$1.00, +1.44%)
Crude oil prices advanced as U.S. oil rigs fell. The immediate support is located at US$63.

Gold: $1,229.53 (+$6.56, +0.54%)
Gold prices advanced after the Greenback retreated against a basket of currencies. The immediate support will be pegged around US$1,220.

Economic Releases:
US - United States' Existing Home Sales, 10.00PM

Bursa Malaysia Trade Statistics - 20 Jul 18
Institutions:  Net BUY 51.9 mln (50.0%)
Retail:  Net BUY 12.7 mln (27.6%)
Foreign:  Net SELL 64.6 mln (22.4%)

Potential Momentum Stocks - 23 Jul 18 
Stock Name: FPI (9172)
Entry: Buy above RM1.44
Target: RM1.55 (7.6%), RM1.65 (14.6%)
Stop: RM1.34 (-6.9%)
Shariah: No
Technical: Monitor for breakout

Stock Name: PUNCAK (6807)
Entry: Buy above RM0.59
Target: RM0.635 (7.6%), RM0.695 (17.8%)
Stop: RM0.55 (-6.8%)
Shariah: Yes
Technical: Monitor for 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 
FPI 1.56 -0.02 (1.27%) 2,971,100 
PUNCAK 0.275 0.00 (0.00%) 70,000 

  Be the first to like this.
Jona0724 Wrongly date. This one is 19 Jul
23/07/2018 9:16 AM
Jona0724 ok revised already. thanks for everyday info. Well done
23/07/2018 9:39 AM


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