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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)

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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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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: 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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