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KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Thu, 18 Jul 2019, 5:33 PM

 

Daily Market Update - 12 Nov 2018 (KAB, FAJAR)

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Dow Jones: 25,989.30 pts (-201.92pts, -0.77%)
U.S. stockmarkets trended lower as the Dow slipped 0.8%, dragged down by the renewed selloff in technology shares, coupled with the weakness in energy stocks after crude oil price entered into the bear market territory. The immediate resistance is located at 26,500.

FBM KLCI: 1,708.09 pts (-13.33pts, -0.77%)
The FBM KLCI (+0.8%) erased all its previous session gains in tandem with the negative performance across regional peers on last Friday. The immediate resistance is located at 1,730.

Crude Palm Oil: RM2,040 (-RM45, -2.16%)
Crude palm oil prices recorded its fourth straight session of decline after Indonesia's stockpile unexpectedly rises. The immediate support is located around RM2,000.

WTI Crude Oil: $60.19 (-$0.48, -0.80%)
Crude oil prices extended its slump for the tenth consecutive session amid the lingering concern over supply glut, coupled with slowing demand due to weakening global growth. The immediate support is located at US$60.

Gold: $1,209.65 (-$14.35, -1.17%)
Gold prices trended lower for the sixth straight session after the U.S. Dollar appreciated against a basket of currencies. The immediate resistance is located around $1,250.

Economic Releases:
JP - Japan's Producer Price Index, 7.50AM

Potential Momentum Stocks - 12 Nov 18 
Stock Name: KAB (0193)
Entry: Buy above RM0.260
Target: RM0.275 (5.8%), RM0.285 (9.6%)
Stop: RM0.250 (-3.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: FAJAR (7047)
Entry: Buy above RM0.395
Target: RM0.430 (8.9%), RM0.445 (12.7%)
Stop: RM0.370 (-6.3%)
Shariah: Yes
Technical: Consolidation 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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Labels: KAB, FAJAR

Related Stocks

Chart Stock Name Last Change Volume 
KAB 0.21 0.00 (0.00%) 14,000 
FAJAR 0.40 0.00 (0.00%) 558,700 

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