KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 23 Aug 2019, 5:21 PM


Daily Market Update - 15 Oct 2018 (DELEUM, NOTION)

Author:   |    Publish date:

Dow Jones: 25,339.99 pts (+287.16pts, +1.15%)
Wall Street rebounded from a two-day slump as the Dow gained 1.2% after concern over rising interest rates subsides. The immediate support is located at 25,000.

FBM KLCI: 1,730.74 pts (+22.25pts, +1.30%)
The FBM KLCI (+1.3%) advanced alongside with the gains across its regional peers on last Friday, boosted by the positive China's export data. The immediate support is located at 1,700.

Crude Palm Oil: RM2,193 (+RM22, +1.01%)
Crude palm oil rebounded after India's import rose to one-month high ahead of Deepavali. The immediate support is located around RM2,140.

WTI Crude Oil: $71.34 (+$0.29, +0.42%)
Crude oil prices rebounded, despite the International Energy Agency trim the global demand outlook. The immediate support is located at US$70.

Gold: $1,217.05 (-$6.71, -0.55%)
Gold prices pullback as demand for risky assets improved. The immediate resistance is located around $1,250.

Economic Releases:
MY - Malaysia's Unemployment Rate, 12.00PM
JP - Japan's Industrial Production, 12.30PM
US - United States' Retail Sales, 8.30PM

Bursa Malaysia Trade Statistics - 12 Oct 18
Institutions:  Net BUY 153.5 mln (54.8%)
Retail:  Net BUY 20.3 mln (22.9%)
Foreign:  Net SELL 173.8 mln (22.3%)

Potential Momentum Stocks - 15 Oct 18 
Stock Name: DELEUM (5132)
Entry: Buy above RM1.15
Target: RM1.22 (6.1%), RM1.34 (16.5%)
Stop: RM1.06 (-7.8%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: NOTION (0083)
Entry: Buy above RM0.655
Target: RM0.71 (8.4%), RM0.735 (12.2%)
Stop: RM0.605 (-7.6%)
Shariah: Yes
Technical: Trendline 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 
DELEUM 0.86 +0.04 (4.88%) 558,800 
NOTION 0.52 +0.01 (1.96%) 1,092,700 

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