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KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Mon, 18 Mar 2019, 05:21 PM

 

Daily Market Update - 26 Sept 2018 (CCK, KRONO)

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Dow Jones: 26,492.21 pts (-69.84pts, -0.26%)
U.S. stockmarkets extended their losses overnight as the Dow fell 0.3% ahead of the U.S. Federal Reserve monetary policy decision. The immediate resistance is located at 27,000.

FBM KLCI: 1,794.47 pts (-5.70pts, -0.32%)
Tracking the renewed weakness on Wall Street overnight, the FBM KLCI (-0.3%) trended lower as the key index tripped below the 1,800 psychological level yesterday. The immediate resistance is located at 1,830.

Crude Palm Oil: RM2,181 (+RM18, +0.83%)
Crude palm oil prices extended its gains, lifted by the improved demand, coupled with the weaker Ringgit against the Greenback. The immediate support is located around RM2,100.

WTI Crude Oil: $72.28 (+$0.20, +0.28%)
Crude oil prices extended its gains, boosted by expectations over tighter supply. The immediate resistance is located at US$75.

Gold: $1,201.22 (+$2.19, +0.18%)
Gold prices rebounded to close above the US$1,200 psychological level after the U.S. Dollar retreated against a basket of currencies. The immediate support will be pegged around US$1,150.

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

Bursa Malaysia Trade Statistics - 25Sep18
Institutions:  Net SELL 210.8 mln (56.3%)
Retail:  Net BUY 11.4 mln (22.4%)
Foreign:  Net BUY 199.4 mln (21.3%)

Potential Momentum Stocks - 26Sep18 
Stock Name: CCK (7035)
Entry: Buy above RM0.87
Target: RM0.935 (7.5%), RM0.97 (11.5%)
Stop: RM0.815 (-6.3%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: KRONO (0176)
Entry: Buy above RM0.72
Target: RM0.805 (11.8%), RM0.86 (19.4%)
Stop: RM0.65 (-9.7%)
Shariah: Yes
Technical: Bullish engulfing candle

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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Labels: CCK, KRONO

Related Stocks

Chart Stock Name Last Change Volume 
CCK 0.625 -0.005 (0.79%) 895,800 
KRONO 0.605 0.00 (0.00%) 5,227,500 

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