KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 19 Feb 2019, 08:38 AM


Daily Market Update - 15 Jan 2019 (MAYBULK, MALAKOF)

Author:   |    Publish date:

Dow Jones: 23,909.84 pts (-86.11pts, -0.36%)
U.S. stockmarkets extended their losses as the Dow fell 0.4%, dragged down by concern over economic slowdown in China, coupled with expectation over slower corporate earnings growth. The immediate resistance is located at 24,500.

FBM KLCI: 1,676.16 pts (-7.06pts, -0.42%)
The FBM KLCI (-0.4%) retreated in tandem across the regional peers, dragged down by the poor China trade data. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,136 (-RM35, -1.61%)
Crude palm oil prices endured one of its worst sessions in two months on expectation over sluggish exports data. The immediate resistance is located around RM2200.

WTI Crude Oil: $50.51 (-$1.08, -2.11%)
Crude oil prices extended its losses after erasing all its intraday gains, pressured by the weakening China trade data. The immediate resistance is located at US$55.

Gold: $1,291.72 (+$1.47, +0.11%)
Gold prices extended its gains as demand for safe haven assets return to the forefront. The immediate resistance is located around $1,300.

Economic Releases:
MY - Malaysia's Unemployment Rate, 12.00PM
US - United States' Producer Price Index, 9.30PM

Potential Momentum Stocks - 15 Jan 19 
Stock Name: MAYBULK (5077)
Entry: Buy above RM0.61
Target: RM0.65 (6.6%), RM0.68 (11.5%)
Stop: RM0.58 (-4.9%)
Shariah: No
Technical: Monitor for breakout

Stock Name: MALAKOF (5264)
Entry: Buy above RM0.83
Target: RM0.885 (6.6%), RM0.905 (9.0%)
Stop: RM0.795 (-4.2%)
Shariah: Yes
Technical: Monitor for 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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Related Stocks

Chart Stock Name Last Change Volume 
MAYBULK 0.62 -0.005 (0.80%) 232,600 
MALAKOF 0.895 +0.045 (5.29%) 7,292,800 

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ZhuJiaHao nice thanks for sharing
15/01/2019 09:30


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