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KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 13 Dec 2019, 8:52 AM

 

Daily Market Update - 14 Mar 2019 (SUNCON, DELEUM)

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Dow Jones: 25,702.89 pts (+148.23pts, +0.58%)
U.S. stockmarkets advanced as the Dow rose 0.6%, boosted by the strong U.S. construction spending that rose 1.3% Y.o.Y in January 2019 - the biggest expansion in nine months. The immediate resistance is located at 26,000.

FBM KLCI: 1,678.24 pts (+6.96pts, +0.42%)
Buying support in selected banking heavyweights boosted the FBM KLCI (+0.4%) higher yesterday amid the mixed regional market sentiment. The immediate resistance is located at 1,680.

Crude Palm Oil: RM2,091 (-RM25, -1.18%)
Crude palm oil prices recorded its sixth straight session of decline after Indonesia has set its CPO export levy at 0% from March 2019 to May 2019. The immediate support is located around RM2,000.

WTI Crude Oil: $58.26 (+$1.39, +2.45%)
Crude oil prices advanced to four-month high, boosted by an unexpected decline in U.S. weekly crude stockpiles and a larger-than-expected drop in gasoline inventories. The immediate resistance is located at US$60.

Gold: $1,309.12 (+$7.54, +0.58%)
Gold prices extended its gains amid fresh uncertainty over Brexit deal. The immediate resistance is located around $1,350.

Economic Releases:
CN - China's Retail Sales, 10.00AM
CN - China's Industrial Production, 10.00AM
MY - Malaysia's Industrial Production, 12.00PM

Potential Momentum Stocks - 14 Mar 19 
Stock Name: SUNCON (5263)
Entry: Buy above RM1.83
Target: RM1.93 (5.5%), RM2.02 (10.4%)
Stop: RM1.73 (-5.5%)
Shariah: Yes
Technical: Resistance breakout

Stock Name: DELEUM (5132)
Entry: Buy above RM1.12
Target: RM1.21 (8.0%), RM1.28 (14.3%)
Stop: RM1.06 (-5.4%)
Shariah: Yes
Technical: Trendline 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: SUNCON, DELEUM

Related Stocks

Chart Stock Name Last Change Volume 
SUNCON 1.84 +0.01 (0.55%) 11,200 
DELEUM 0.965 0.00 (0.00%) 36,500 

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