KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 13 Dec 2019, 5:11 PM


Daily Market Update - 27 Feb 2019 (UCHITEC, D&O)

Author:   |    Publish date:

Dow Jones: 26,057.98 pts (-33.97pts, -0.13%)
U.S. stockmarkets retreated overnight as the Dow fell 0.1% after enduring a choppy trading session amid a mixed bag of economic data. The immediate resistance is located at 26,300.

FBM KLCI: 1,719.00 pts (-5.58pts, -0.32%)
The FBM KLCI (-0.3%) staged a pullback in tandem with the weakness across the regional peers yesterday. The immediate resistance is located at 1,740.

Crude Palm Oil: RM2,183 (-RM30, -1.36%)
Crude palm oil prices trended lower for the third straight session on losses in other oil-related commodities. The immediate support is located around RM2,100.

WTI Crude Oil: $55.50 (+$0.02, +0.04%)
Crude oil prices closed relatively flat as gains were limited by the unexpected build-up in U.S. inventory level. The immediate resistance is located at US$60.

Gold: $1,328.96 (+$1.38, +0.10%)
Gold prices staged a mild recovery, lifted by the weaker U.S. Dollar against a basket of currencies. The immediate resistance is located around $1,350.

Economic Releases:
EU - Eurozone's Business Confidence, 6.00PM
EU - Eurozone's Services Sentiment, 6.00PM
EU - Eurozone's Economic Sentiment, 6.00PM
EU - Eurozone's Industrial Sentiment, 6.00PM

Potential Momentum Stocks - 27 Feb 19 
Stock Name: UCHITEC (7100)
Entry: Buy above RM2.82
Target: RM2.99 (6.0%), RM3.12 (10.6%)
Stop: RM2.73 (-3.2%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: D&O (7204)
Entry: Buy above RM0.76
Target: RM0.81 (6.6%), RM0.85 (11.8%)
Stop: RM0.72 (-5.3%)
Shariah: Yes
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online



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Labels: UCHITEC, D&O

Related Stocks

Chart Stock Name Last Change Volume 
UCHITEC 2.81 0.00 (0.00%) 979,400 
D&O 0.76 +0.03 (4.11%) 2,433,900 

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