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KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Thu, 5 Dec 2019, 5:21 PM

 

Daily Market Update - 18 Feb 2019 (K1, KPS)

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Dow Jones: 25,883.25 pts (+443.86pts, +1.74%)
U.S. stockmarkets trended sharply higher last Friday as the Dow jumped 1.7%, boosted by China's President Xi Jinping remarks that the trade talks between U.S. and China will continue in Washington this week. The immediate resistance is located at 26,000.

FBM KLCI: 1,688.83 pts (-0.23pts, -0.01%)
The FBM KLCI (-0.01%) edged marginally lower as the key index underperformed the positive performance across the regional peers last Friday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,273 (-RM20, -0.87%)
Crude palm oil prices trended lower, taking cue from the weakness in soybean oil prices. The immediate resistance is located around RM2,300.

WTI Crude Oil: $55.59 (+$1.18, +2.18%)
Crude oil prices rallied after an outage at Saudi Arabia's offshore oilfield boosted expectations for tightening supply. The immediate resistance is located at US$55.

Gold: $1,322.49 (+$9.92, +0.76%)
Gold prices extended its gains after the Greenback depreciated against a basket of currencies. The immediate resistance is located around $1,350.

Economic Releases:
JP - Japan's Machinery Orders, 7.50PM

Potential Momentum Stocks - 18 Feb 19 
Stock Name: K1 (0111)
Entry: Buy above RM0.25
Target: RM0.27 (8.0%), RM0.29 (16.0%)
Stop: RM0.235 (-6.0%)
Shariah: Yes
Technical: Monitor for breakout

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: 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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Labels: K1, KPS

Related Stocks

Chart Stock Name Last Change Volume 
K1 0.21 0.00 (0.00%) 1,591,800 
KPS 0.74 +0.02 (2.78%) 1,340,300 

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