KLSE Traders Update and Ideas

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


Daily Market Update - 18 Jan 2019 (NOTION, DIALOG)

Author:   |    Publish date:

Dow Jones: 24,370.10 pts (+162.94pts, +0.67%)
U.S. stockmarkets extended their gains as the Dow added 0.7% overnight after U.S. is considering to pare down China's tariffs. The immediate resistance is located at 24,500.

FBM KLCI: 1,682.97 pts (+9.89pts, +0.59%)
The FBM KLCI (+0.6%) trended higher after lingering in the positive territory for the entire trading session yesterday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,198 (+RM23, +1.06%)
Crude palm oil prices advanced, forming a bullish engulfing candle, boosted by optimism over rising biodiesel demand. The immediate resistance is located around RM2200.

WTI Crude Oil: $52.07 (-$0.24, -0.46%)
Crude oil prices retreated as OPEC's effort in production cuts were offset by the record high U.S. production. The immediate resistance is located at US$55.

Gold: $1,292.05 (-$1.62, -0.13%)
Gold prices retreated from two-weeks high to remain in the consolidation band. The immediate resistance is located around $1,300.

Economic Releases:
JP - Japan's Inflation Rate, 7.30AM
JP - Japan's Industrial Production, 12.30PM
UK - United Kingdom's Retail Sales, 5.30PM
US - United States' Manufacturing Production, 10.15PM
US - United States' Industrial Production, 10.15PM

Potential Momentum Stocks - 18 Jan 19 
Stock Name: NOTION (0083)
Entry: Buy above RM0.635
Target: RM0.70 (10.2%), RM0.755 (18.9%)
Stop: RM0.605 (-4.7%)
Shariah: Yes
Technical: Bullish harami candle

Stock Name: DIALOG (7277)
Entry: Buy above RM2.93
Target: RM3.15 (7.5%), RM3.43 (17.1%)
Stop: RM2.75 (-6.1%)
Shariah: Yes
Technical: Consolidation 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 
NOTION 0.635 +0.015 (2.42%) 1,987,300 
DIALOG 3.21 -0.03 (0.93%) 13,067,100 

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LionSing thanks for the update
18/01/2019 10:23


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