KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Thu, 17 Oct 2019, 5:40 PM


Daily Market Update - 12 Feb 2019 (D&O, TEOSENG)

Author:   |    Publish date:

Dow Jones: 25,053.11 pts (-53.22pts, -0.21%)
U.S. stockmarkets closed mixed again as the Dow (-0.2%) recorded its fourth consecutive session of decline after erasing all its intraday gains as the next round of U.S.-China tariff negotiations in Beijing commenced, whilst both the S&P 500 and Nasdaq registered 0.1% gains. The immediate resistance is located at 25,500.

FBM KLCI: 1,688.56 pts (+2.04pts, +0.12%)
The FBM KLCI (+0.1%) managed to claw its way into the positive territory to close marginally higher, boosted by gains in selected banking heavyweights yesterday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,266 (-RM24, -1.05%)
Crude palm oil prices extended its losses amid the weak export data, coupled with the appreciation of Ringgit against the Greenback. The immediate resistance is located around RM2,300.

WTI Crude Oil: $52.41 (-$0.31, -0.59%)
Crude oil prices retreated, forming a hammer candle on concern over rising U.S. rig counts. The immediate resistance is located at US$55.

Gold: $1,308.12 (-$6.17, -0.47%)
Gold prices retreated after the Greenback appreciated against a basket of currencies. The immediate resistance is located around $1,350.

Potential Momentum Stocks - 12 Feb 19 
Stock Name: D&O (7204)
Entry: Buy above RM0.735
Target: RM0.785 (6.8%), RM0.805 (9.5%)
Stop: RM0.70 (-4.8%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: TEOSENG (7252)
Entry: Buy above RM1.07
Target: RM1.14 (6.5%), RM1.20 (12.1%)
Stop: RM1.01 (-5.6%)
Shariah: No
Technical: Monitor for breakout

Source: Bloomberg, M+ Online



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Labels: D&O, TEOSENG

Related Stocks

Chart Stock Name Last Change Volume 
D&O 0.69 -0.03 (4.17%) 10,201,100 
TEOSENG 1.22 +0.01 (0.83%) 944,900 

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