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KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Thu, 21 Feb 2019, 05:45 PM

 

Daily Market Update - 14 Jan 2019 (GDB, KRONO)

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Dow Jones: 23,995.95 pts (-5.97pts, -0.02%)
U.S. stockmarkets snapped a five-day winning streak as the Dow fell 0.02% on profit taking activities. The immediate resistance is located at 24,500.

FBM KLCI: 1,683.22 pts (+4.34pts, +0.26%)
The FBM KLCI (+0.3%) advanced in tandem with the positive sentiment across regional peers on last Friday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,171 (+RM8, +0.37%)
Crude palm oil prices staged a mild recovery, taking cue from the higher soybean oil prices. The immediate resistance is located around RM2200.

WTI Crude Oil: $51.59 (-$1.00, -1.91%)
Crude oil prices halted a nine-day winning streak on lingering concern over rising U.S. production. The immediate resistance is located at US$55.

Gold: $1,290.25 (+$3.60, +0.28%)
Gold prices rebounded after the Greenback depreciated against a basket of currencies. The immediate resistance is located around $1,300.

Economic Releases:
EU - Eurozone's Industrial Production, 6.00PM

Potential Momentum Stocks - 14 Jan 19 
Stock Name: GDB (0198)
Entry: Buy above RM0.25
Target: RM0.275 (10.0%), RM0.295 (18.0%)
Stop: RM0.23 (-8.0%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: KRONO (0176)
Entry: Buy above RM0.64
Target: RM0.69 (7.8%), RM0.71 (10.9%)
Stop: RM0.60 (-6.3%)
Shariah: Yes
Technical: Bullish engulfing candle

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: KRONO, GDB

Related Stocks

Chart Stock Name Last Change Volume 
KRONO 0.67 +0.02 (3.08%) 21,122,100 
GDB 0.26 -0.005 (1.89%) 715,000 

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