KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Thu, 25 Apr 2019, 8:34 AM


Daily Market Update - 12 Mar 2019 (TUNEPRO, ROHAS)

Author:   |    Publish date:

Dow Jones: 25,650.88 pts (+200.64pts, +0.79%)
U.S. stockmarkets started off the week on a strong footing as the Dow jumped 0.8% higher, boosted by gains in technology shares. The immediate resistance is located at 26,000.

FBM KLCI: 1,664.63 pts (-15.27pts, -0.91%)
Intensified selling activities in selected index heavyweights continue to pile pressure on the FBM KLCI (-0.9%) yesterday as the key index bucked by positive performance across the region. The immediate support is located at 1,660.

Crude Palm Oil: RM2,119 (-RM6, -0.28%)
Crude palm oil prices extended its losses for the fourth straight session after Malaysia's CPO inventory level rose 2.3% M.o.M in February 2019. The immediate support is located around RM2,100.

WTI Crude Oil: $56.79 (+$0.72, +1.29%)
Crude oil prices advanced after Saudi Arabia planned to extend efforts to curb crude oil exports. The immediate resistance is located at US$60.

Gold: $1,293.35 (-$4.95, -0.38%)
Gold prices settled lower, dragged down by the stronger-than-expected business inventories and retail sales data in U.S. The immediate resistance is located around $1,300.

Economic Releases:
UK - United Kingdom's Manufacturing Production, 5.30PM
UK - United Kingdom's Industrial Production, 5.30PM
US - United States' Inflation Rate, 8.30PM

Potential Momentum Stocks - 12 Mar 19 
Stock Name: TUNEPRO (5230)
Entry: Buy above RM0.69
Target: RM0.735 (6.5%), RM0.80 (15.9%)
Stop: RM0.665 (-3.6%)
Shariah: No
Technical: Resistance breakout

Stock Name: ROHAS (9741)
Entry: Buy above RM0.58
Target: RM0.64 (10.3%), RM0.675 (16.4%)
Stop: RM0.54 (-6.9%)
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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Related Stocks

Chart Stock Name Last Change Volume 
TUNEPRO 0.70 0.00 (0.00%) 207,800 
ROHAS 0.64 +0.015 (2.40%) 57,400 

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