Highlights

KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 22 Feb 2019, 05:59 PM

 

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

Author:   |    Publish date:


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

 

Disclaimer

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.

Share this
Labels: CCM, GHLSYS

Related Stocks

Chart Stock Name Last Change Volume 
CCM 1.95 +0.06 (3.17%) 621,600 
GHLSYS 1.70 0.00 (0.00%) 74,800 

  Be the first to like this.
 
moneykj Goodway
11/01/2019 08:57
921020115013 asalamualaikum
13/01/2019 13:55


FEATURED EVENT
 

324  458  490  595 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SAPNRG 0.315-0.01 
 IWCITY 0.63+0.04 
 AAX 0.26-0.03 
 VS 0.985-0.035 
 HSI-C3W 0.485+0.045 
 DAYANG 0.795+0.005 
 SAPNRG-WA 0.1050.00 
 BARAKAH 0.10-0.02 
 HSI-H4Y 0.135-0.03 
 DNEX 0.3250.00 

SPONSORED POSTS

1. Investment Bloggers Day 2019 MQ Trader Announcement!
2. Investment Bloggers Day - Get your sponsored ticket from MQ Trader today! MQ Trader Announcement!

TOP ARTICLES

1. Dayang Will Fly on Monday - Koon Yew Yin , Calvin Tan Comments (Please post comments here & contribute your ideas) THE INVESTMENT APPROACH OF CALVIN TAN
2. Dayang Will Fly on Monday - Koon Yew Yin Koon Yew Yin's Blog
3. PANTECH(5125) OR ALL-TECHNOLOGY STOCK IN THE OIL AND GAS SUPER BOOM TIME, CALVIN TAN RESEARCH THE INVESTMENT APPROACH OF CALVIN TAN
4. Tony Fernandes: This will be best year for Airasia. New platform business will grow ancillary Good Articles to Share
5. This company got 5G network prospect + Mahathir factor, ready to punch all the way into glorious moment again Target Invest - We Target, We Invest
6. The Bonuses of Airasia Windfall Profit
7. FPI - Earnings dragged by higher operating cost (HLIB maintain BUY rating with TP of RM2.22) FPI 2大因素前景看好台灣聯友今年再 尋突破
8. Price of Airasia Windfall Profit
Partners & Brokers