Highlights

KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 20 Sep 2019, 5:35 PM

 

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

 

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: MAYBULK, MALAKOF

Related Stocks

Chart Stock Name Last Change Volume 
MAYBULK 0.715 0.00 (0.00%)
MALAKOF 0.86 0.00 (0.00%)

  Be the first to like this.
 
ZhuJiaHao nice thanks for sharing
15/01/2019 9:30 AM


 

1987 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SCOMNET 0.880.00 
 KOTRA 1.860.00 
 UCREST 0.1350.00 
 PINEAPP 0.3550.00 
 PUC 0.0650.00 
 WILLOW 0.400.00 
 IRIS 0.1450.00 
 TOPGLOV-C60 0.1150.00 
 BTECH 0.210.00 
 3A 0.840.00 

TOP ARTICLES

1. GENM: A relook into Genting Malaysia from Profitability, Volume Spread Analysis and what’s Insiders Report are telling they are doing now ? TradeVSA - Case Study
2. WHY SCOMI ENERGY (7045) CAN FOLLOW CARIMIN AND GO UP 400% FROM ITS LOWS, Calvin Tan Research THE INVESTMENT APPROACH OF CALVIN TAN
3. Beneficiary From National Fiberisation and Connectivity Plan ( NFCP ) : GPACKET, NETX, OCK, OPCOM, REDTONE Treasure seeker
4. Loser HL analyst Chye Wen Fei rates Leong Hup buy, but cease coverage on Lay Hong. Herbert
5. LIIHEN 马来西亚家具行业的现状及发展 股天乐 成长投资
6. [转贴] 明年不管你是做什麼行業的,都要看看這篇文章 Good Articles to Share
7. Jaks Resources - 1200MW power to fire up Soon ! DK66
8. Who is Najib’s most-hated opponent in Pakatan? save malaysia!!!
Partners & Brokers