KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Mon, 25 Mar 2019, 5:20 PM


Daily Market Update - 14 Feb 2019 (KPS, MBSB)

Author:   |    Publish date:

Dow Jones: 25,543.27 pts (+117.51pts, +0.46%)
U.S. stockmarkets extended their gains overnight as the Dow added 0.5% as optimism over U.S.-China trade deal persisted, coupled with the contained inflation that only rose 1.6% Y.o.Y in January 2019 - the slowest pace since June 2017. The immediate resistance is located at 26,000.

FBM KLCI: 1,685.30 pts (-2.11pts, -0.13%)
The FBM KLCI (-0.1%) bucked to mostly positive performance across regional peers after enduring a choppy trading session yesterday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,250 (-RM4, -0.18%)
Crude palm oil prices erased all its intraday gains to close lower for the fourth straight session, taking cue from the lower soybean oil prices. The immediate support is located around RM2,200.

WTI Crude Oil: $53.90 (+$0.80, +1.51%)
Crude oil prices rebounded as Saudi Arabia and Venezuela product cuts overwhelmed the rising U.S. supply. The immediate resistance is located at US$55.

Gold: $1,306.27 (-$4.53, -0.35%)
Gold prices retreated as demand for safe haven asset fades. The immediate resistance is located around $1,350.

Economic Releases:
MY - Malaysia's 4Q2018 GDP Growth Rate, 12.00PM
US - United States' Producer Price Index, 9.30PM

Potential Momentum Stocks - 14 Feb 19 
Stock Name: KPS (5843)
Entry: Buy above RM1.34
Target: RM1.40 (4.5%), RM1.47 (9.7%)
Stop: RM1.30 (-3.0%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: MBSB (1171)
Entry: Buy above RM1.05
Target: RM1.11 (5.7%), RM1.17 (11.4%)
Stop: RM1.00 (-4.8%)
Shariah: No
Technical: Monitor for breakout

Source: Bloomberg, M+ Online



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Labels: KPS, MBSB

Related Stocks

Chart Stock Name Last Change Volume 
KPS 1.39 +0.01 (0.72%) 245,700 
MBSB 0.935 -0.015 (1.58%) 2,874,400 

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moneykj Aiyo, what kps mbsb?

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