Highlights

KLSE Traders Update and Ideas

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

 

Daily Market Update - 4 Mar 2019 (OCK, KGB)

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Dow Jones: 26,026.32 pts (+110.32pts, +0.43%)
U.S. stockmarkets started off the month on a bullish note as the Dow rose 0.4%, boosted by the declining trade tension between U.S. and China, whilst the S&P 500 advanced to close above the 2,800 psychological level last Friday. The immediate resistance is located at 26,300.

FBM KLCI: 1,700.76 pts (-6.97pts, -0.41%)
The FBM KLCI (-0.4%) extended its losses in tandem with the weakness across regional peers last Friday. The immediate resistance is located at 1,740.

Crude Palm Oil: RM2,189 (+RM68, +3.21%)
Crude palm oil prices halted a four-day losing streak after Malaysia has set to limit plantation to 6.0 mln ha. for 2019 - capping the second largest world supply. The immediate resistance is located around RM2,200.

WTI Crude Oil: $55.80 (-$1.42, -2.50%)
Crude oil prices formed a bearish candle, erasing most of its previous rally as U.S. sets to ramp up their production. The immediate resistance is located at US$60.

Gold: $1,293.44 (-$19.88, -1.52%)
Gold prices retreated after the U.S. Dollar retreated against a basket of currencies amid the dovish U.S. Federal Reserve stance. The immediate resistance is located around $1,350.

Potential Momentum Stocks - 4 Mar 19
Stock Name: OCK (0172)
Entry: Buy above RM0.56
Target: RM0.61 (8.9%), RM0.64 (14.3%)
Stop: RM0.525 (-6.3%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: KGB (0151)
Entry: Buy above RM1.26
Target: RM1.34 (6.3%), RM1.40 (11.1%)
Stop: RM1.21 (-4.0%)
Shariah: Yes
Technical: Breakout-pullback-continuation

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: OCK, KGB

Related Stocks

Chart Stock Name Last Change Volume 
OCK 0.585 +0.01 (1.74%) 1,839,700 
KGB 1.26 -0.04 (3.08%) 1,668,800 

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