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KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Mon, 14 Oct 2019, 8:41 AM

 

Daily Market Update - 11 Jan 2019 (CCM, GHLSYS)

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Dow Jones: 24,001.92 pts (+122.80pts, +0.51%)
U.S. stockmarkets recorded their fifth straight session of gains as the Dow added 0.5% to claw its way out from the correction territory. The immediate resistance is located at 24,500.

FBM KLCI: 1,678.88 pts (+11.05pts, +0.66%)
The FBM KLCI (+0.7%) recovered all its previous session losses after lingering in the positive territory for the entire trading session yesterday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,163 (-RM19, -0.87%)
Crude palm oil prices retreated, dragged down by the higher-than-expected inventory level. The immediate resistance is located around RM2200.

WTI Crude Oil: $52.59 (+$0.23, +0.44%)
Crude oil prices advanced for the ninth straight session to mark its longest winning streak since 2010 on optimism that OPEC's production cut will provide alleviation to the oversupply glut. The immediate resistance is located at US$55.

Gold: $1,286.65 (-$6.91, -0.53%)
Gold prices retreated as demand for safe haven assets trended lower. The immediate resistance is located around $1,300.

Potential Momentum Stocks - 11 Jan 19 
Stock Name: CCM (2879)
Entry: Buy above RM1.86
Target: RM2.00 (7.5%), RM2.10 (12.9%)
Stop: RM1.78 (-4.3%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: GHLSYS (0021)
Entry: Buy above RM1.70
Target: RM1.80 (5.9%), RM1.86 (9.4%)
Stop: RM1.61 (-5.3%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

 

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The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

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: CCM, GHLSYS

Related Stocks

Chart Stock Name Last Change Volume 
CCM 1.65 0.00 (0.00%)
GHLSYS 1.43 +0.06 (4.38%) 176,900 

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