KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 10 Dec 2019, 5:12 PM


Daily Market Update - 29 Jan 2019 (BJTOTO, RANHILL)

Author:   |    Publish date:

Dow Jones: 24,528.22 pts (-208.98pts, -0.84%)
Wall Street was hit by a series of weaker-than-expected earnings from Caterpillar and Nvidia as the Dow fell 0.8% overnight. The immediate resistance is located at 25,000.

FBM KLCI: 1,697.50 pts (-3.53pts, -0.21%)
The FBM KLCI (-0.2%) retreated alongside with the negative sentiment across regional peers after falling into the negative territory within the first trading hour yesterday. The immediate resistance is located at 1,730.

Crude Palm Oil: RM2,327 (+RM33, +1.44%)
Crude palm rallied to six months high, taking cue from the higher soybean oil prices, coupled with optimism over improve demand. The immediate resistance is located around RM2,350.

WTI Crude Oil: $51.99 (-$1.70, -3.17%)
Crude oil prices took a beating on concern over the slowdown in global growth could trim demand, coupled with rising U.S. production. The immediate resistance is located at US$55.

Gold: $1,303.36 (-$1.89, -0.14%)
Gold prices staged a mild pullback on profit taking activities from the previous session rally. The immediate resistance is located around $1,300.

Potential Momentum Stocks - 29 Jan 19 
Stock Name: BJTOTO (1562)
Entry: Buy above RM2.20
Target: RM2.28 (3.6%), RM2.38 (8.2%)
Stop: RM2.14 (-2.7%)
Shariah: No
Technical: Monitor for breakout

Stock Name: RANHILL (5272)
Entry: Buy above RM1.20
Target: RM1.29 (7.5%), RM1.33 (10.8%)
Stop: RM1.15 (-4.2%)
Shariah: Yes
Technical: Monitor for trendline 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 
BJTOTO 2.64 -0.01 (0.38%) 250,900 
RANHILL 1.14 0.00 (0.00%) 141,300 

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