KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Thu, 12 Dec 2019, 5:04 PM


Daily Market Update - 11 Dec 2018 (HIBISCS, DELEUM)

Author:   |    Publish date:

Dow Jones: 24,423.26 pts (+34.31pts, +0.14%)
U.S. stockmarkets chalked in minor gains after recovering all their intraday losses as the Dow added 0.1%, lifted by bargain hunting activities in selected index heavyweights. The immediate resistance is located at 25,000.

FBM KLCI: 1,663.31 pts (-17.23pts, -1.03%)
The FBM KLCI (-1.0%) trended lower for the fifth straight session yesterday as weakness were in line with the negative sentiment across regional peers. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,042 (+RM44, +2.20%)
Crude palm oil prices rebounded to close at two-weeks higher, boosted by the weaker-than-expected production output. The immediate support is located around RM1950.

WTI Crude Oil: $50.89 (-$1.72, -3.27%)
Crude oil prices took a beating as investors assess whether OPEC production cut could improve the oversupply glut. The immediate resistance is located at US$55.

Gold: $1,244.51 (+$0.05, +0.00%)
Gold prices closed relatively unchanged as gains were capped by the U.S. Dollar appreciated against a basket of currencies. The immediate resistance is located around $1,250.

Potential Momentum Stocks - 11 Dec 18 
Stock Name: HIBISCS (5199)
Entry: Buy above RM1.06
Target: RM1.18 (11.3%), RM1.29 (21.7%)
Stop: RM0.975 (-8.0%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: DELEUM (5132)
Entry: Buy above RM1.05
Target: RM1.14 (8.6%), RM1.21 (15.2%)
Stop: RM0.98 (-6.7%)
Shariah: Yes
Technical: Monitor for breakout

In regards to the discontinuation of daily trade statistics, please visit Bursa Marketplace's official Facebook page at https://www.facebook.com/BursaMarketplace/ to obtain the aforementioned data between 8.30AM-9.00AM

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 
HIBISCS 0.885 -0.005 (0.56%) 4,199,800 
DELEUM 0.965 0.00 (0.00%) 263,100 

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