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KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 22 Feb 2019, 05:59 PM

 

Daily Market Update - 11 Feb 2019 (GBGAQRS, KUB)

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Dow Jones: 25,106.33 pts (-63.20pts, -0.25%)
U.S. stockmarkets closed mixed last Friday as the Dow (-0.3%) retreated for the third straight session amid the renewed trade uncertainty between U.S.-China, but the S&P 500 added 0.1%. The immediate resistance is located at 25,500.

FBM KLCI: 1,686.52 pts (-6.87pts, -0.41%)
The FBM KLCI (-0.4%) trended lower after lingering in the negative territory for the entire trading session, spooked by the renewed selling pressure on Wall Street on last Friday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,290 (-RM28, -1.21%)
Crude palm oil prices retreated, taking cue from the weakness in soybean oil prices. The immediate resistance is located around RM2,350.

WTI Crude Oil: $52.72 (+$0.08, +0.15%)
Crude oil prices stage a mild recovery from its previous session losses as Kuwait looks to re-assess their capex spending in 2019. The immediate resistance is located at US$55.

Gold: $1,316.61 (+$3.51, +0.27%)
Gold prices extended its gains, lifted by renewed uncertainty over trade dispute between U.S. and China. The immediate resistance is located around $1,350.

Economic Releases:
MY - Malaysia's Industrial Production, 12.00PM
MY - Malaysia's Unemployment Rate, 12.00PM
UK - United Kingdom's Manufacturing Production, 5.30PM
UK - United Kingdom's Industrial Production, 5.30PM

Potential Momentum Stocks - 11 Feb 19 
Stock Name: GBGAQRS (5226)
Entry: Buy above RM0.935
Target: RM1.05 (12.3%), RM1.15 (23.0%)
Stop: RM0.87 (-7.0%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: KUB (6874)
Entry: Buy above RM0.435
Target: RM0.48 (10.3%), RM0.53 (21.8%)
Stop: RM0.395 (-9.2%)
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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Labels: GBGAQRS, KUB

Related Stocks

Chart Stock Name Last Change Volume 
GBGAQRS 1.15 +0.02 (1.77%) 6,016,100 
KUB 0.425 -0.01 (2.30%) 2,915,700 

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