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KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 19 Nov 2019, 6:01 PM

 

Daily Market Update - 13 Mar 2019 (WCEHB, RANHILL)

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Dow Jones: 25,554.66 pts (-96.22pts, -0.38%)
U.S. stockmarkets finished mixed overnight as the Dow slipped 0.4%, dragged down by the unabated selling pressure in Boeing (-6.1%), but the S&P 500 added 0.3%. The immediate resistance is located at 26,000.

FBM KLCI: 1,671.28 pts (+6.65pts, +0.40%)
The FBM KLCI (+0.4%) rebounded in tandem with gains across the Asia Pacific region, boosted by positive developments over the trade talks between U.S. and China. The immediate resistance is located at 1,680.

Crude Palm Oil: RM2,116 (-RM3, -0.14%)
Crude palm oil prices erased all its intraday gains to close lower for the fifth straight session on lingering concern over the rising stockpiles. The immediate support is located around RM2,100.

WTI Crude Oil: $56.87 (+$0.08, +0.14%)
Crude oil prices extended its gains, lifted by the unexpected decline in U.S. production level. The immediate resistance is located at US$60.

Gold: $1,301.58 (+$8.23, +0.64%)
Gold prices rebounded, boosted by the weakness in the Greenback against a basket of currencies. The immediate resistance is located around $1,300.

Economic Releases:
JP - Japan's Producer Price Index, 7.50AM
MY - Malaysia's Retail Sales, 12.00PM
EU - Eurozone's Industrial Production, 6.00PM
US - United States' Producer Price Index, 8.30PM

Potential Momentum Stocks - 13 Mar 19 
Stock Name: WCEHB (3565)
Entry: Buy above RM0.56
Target: RM0.605 (8.0%), RM0.65 (16.1%)
Stop: RM0.52 (-7.1%)
Shariah: Yes
Technical: Resistance breakout

Stock Name: RANHILL (5272)
Entry: Buy above RM1.35
Target: RM1.52 (12.6%), RM1.60 (18.5%)
Stop: RM1.23 (-8.9%)
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: WCEHB, RANHILL

Related Stocks

Chart Stock Name Last Change Volume 
WCEHB 0.44 +0.015 (3.53%) 11,936,700 
RANHILL 1.15 +0.01 (0.88%) 443,400 

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13/03/2019 8:47 AM


 

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