KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Mon, 24 Jun 2019, 5:43 PM


Daily Market Update - 17 Jan 2019 (MYEG, RANHILL)

Author:   |    Publish date:

Dow Jones: 24,207.16 pts (+141.57pts, +0.59%)
U.S. stockmarkets marched higher as the Dow climbed 0.6% overnight, lifted by the strong corporate earnings from financial institutions like Goldman Sachs and Bank of America Corp. The immediate resistance is located at 24,500.

FBM KLCI: 1,673.08 pts (-6.34pts, -0.38%)
The FBM KLCI (-0.4%) gave up all its previous session gains as sentiment was cautious on the Brexit development in the Eurozone. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,175 (-RM9, -0.41%)
Crude palm oil prices retreated after the recent recovery in crude palm oil prices could curb demand from India. The immediate resistance is located around RM2200.

WTI Crude Oil: $52.31 (+$0.20, +0.38%)
Crude oil prices extended its gains after recovering all its intraday losses after U.S. weekly inventory level indicates a contraction. The immediate resistance is located at US$55.

Gold: $1,293.67 (+$4.16, +0.32%)
Gold prices rebounded to remain in the consolidation band as the recent Brexit developments spurred demand for safe haven assets. The immediate resistance is located around $1,300.

Economic Releases:
MY - Malaysia's Unemployment Rate, 12.00PM
EU - Eurozone's Inflation Rate, 6.00PM

Potential Momentum Stocks - 17 Jan 19 
Stock Name: MYEG (0138)
Entry: Buy above RM1.11
Target: RM1.24 (11.7%), RM1.38 (24.3%)
Stop: RM1.03 (-7.2%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: RANHILL (5272)
Entry: Buy above RM1.19
Target: RM1.29 (8.4%), RM1.33 (11.8%)
Stop: RM1.12 (-5.9%)
Shariah: Yes
Technical: Breakout-pullback-continuation

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 
MYEG 1.41 0.00 (0.00%)
RANHILL 1.15 0.00 (0.00%)

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WangLingxin nice, will use this as guide today
17/01/2019 10:17 AM



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