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KLSE Traders Update and Ideas

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

 

Daily Market Update - 15 Mar 2019 (TEOSENG, YOCB)

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Dow Jones: 25,709.94 pts (+7.05pts, +0.03%)
U.S. stockmarkets ended on a mixed note after enduring a choppy trading session as the Dow added 0.03% on expectation that a potential trade deal between U.S. and China will be delayed until April 2019, but the S&P 500 fell 0.1%. The immediate resistance is located at 26,000.

FBM KLCI: 1,674.52 pts (-3.72pts, -0.22%)
Profit taking activities in selected index heavyweights sent the FBM KLCI (-0.2%) lower yesterday in tandem with the mostly negative performance across its regional peers. The immediate resistance is located at 1,680.

Crude Palm Oil: RM2,063 (-RM28, -1.34%)
Crude palm oil prices slumped for the seventh straight session, taking cue from the weakness in soybean oil prices. The immediate support is located around RM2,000.

WTI Crude Oil: $58.61 (+$0.35, +0.60%)
Crude oil prices extended its gains for the fourth straight session as OPEC and its allies pledged their support towards the production cut. The immediate resistance is located at US$60.

Gold: $1,296.17 (-$12.95, -0.99%)
Gold prices formed a bearish candle to close below the US$1,300 psychological level as jitters over Brexit fades. The immediate resistance is located around $1,350.

Economic Releases:
JP - Japan's Bank of Japan Interest Rate Decision, 11.00AM
EU - Eurozone's Inflation Rate, 6.00PM
US - United States' Manufacturing Production, 9.15PM
US - United States' Industrial Production, 9.15PM

Potential Momentum Stocks - 15 Mar 19 
Stock Name: TEOSENG (7252)
Entry: Buy above RM1.24
Target: RM1.34 (8.1%), RM1.42 (14.5%)
Stop: RM1.16 (-6.5%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: YOCB (5159)
Entry: Buy above RM1.19
Target: RM1.24 (4.2%), RM1.28 (7.6%)
Stop: RM1.14 (-4.2%)
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: TEOSENG, YOCB

Related Stocks

Chart Stock Name Last Change Volume 
TEOSENG 1.20 -0.02 (1.64%) 498,900 
YOCB 1.20 +0.01 (0.84%) 130,100 

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15/03/2019 8:48 AM


 

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