KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Wed, 24 Jul 2019, 8:51 AM


Daily Market Update - 22 Feb 2019 (NOTION, BAHVEST)

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Dow Jones: 25,850.63 pts (-103.81pts, -0.40%)
U.S. stockmarkets retreated overnight as the Dow slipped 0.4% amid a barrage of weaker-than-expected economic data from Manufacturing Purchasing Manager's Index, Philadelphia Federal Reserve Business Index and Durable Goods Orders. The immediate resistance is located at 26,000.

FBM KLCI: 1,730.68 pts (+4.50pts, +0.26%)
The FBM KLCI (+0.3%) registered its third straight session of gains in tandem with the mostly positive sentiment across the Asia region yesterday. The immediate resistance is located at 1,740.

Crude Palm Oil: RM2,264 (+RM19, +0.85%)
Crude palm oil prices rebounded, taking cue from the higher soybean oil prices. The immediate resistance is located around RM2,300.

WTI Crude Oil: $56.96 (+$0.04, +0.07%)
Crude oil prices advanced, but gains were limited due to the record high U.S. production level. The immediate resistance is located at US$60.

Gold: $1,323.63 (-$14.81, -1.11%)
Gold prices extended its losses amid the build-up of optimism stemmed from the U.S. and China trade talks. The immediate resistance is located around $1,350.

Economic Releases:
JP - Japan's Inflation Rate, 7.30AM
MY - Malaysia's Inflation Rate, 3.00PM
EU - Eurozone's Inflation Rate, 6.00PM

Potential Momentum Stocks - 22 Feb 19 
Stock Name: NOTION (0083)
Entry: Buy above RM0.67
Target: RM0.725 (8.2%), RM0.755 (12.7%)
Stop: RM0.64 (-4.5%)
Shariah: Yes
Technical: Resistance breakout

Stock Name: BAHVEST (0098)
Entry: Buy above RM0.51
Target: RM0.55 (7.8%), RM0.59 (15.7%)
Stop: RM0.48 (-5.9%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online



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Related Stocks

Chart Stock Name Last Change Volume 
NOTION 0.565 +0.015 (2.73%) 1,608,300 
BAHVEST 0.625 +0.005 (0.81%) 2,950,800 

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moneykj Today buy Notion and Orion
22/02/2019 8:54 AM


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