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KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 6 Dec 2019, 5:21 PM

 

Daily Market Update - 5 Apr 2019 (GADANG, FAJAR)

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Dow Jones: 26,384.63 pts (+166.50pts, +0.64%)
U.S. stockmarkets crept higher as the Dow added 0.6% as investors anticipated that U.S. President Donald Trump to announce the date of a trade summit meeting with China's President Xi Jinping, while the S&P 500 (+0.2%) recorded its sixth straight session of advance. The immediate resistance is located at 27,000.

FBM KLCI: 1,645.07 pts (+1.86pts, +0.11%)
The FBM KLCI (+0.1%) trended higher for the third straight session, lifted by gains in selected banking and telco heavyweights yesterday. The immediate resistance is located at 1,650.

Crude Palm Oil: RM2,204 (+RM29, +1.33%)
Crude palm oil prices recorded its fourth straight session of gains on expectations over the decline in inventory level. The immediate resistance is located around RM2,200.

WTI Crude Oil: $62.10 (-$0.36, -0.58%)
Crude oil prices extended its losses, dragged down by the stronger U.S. Dollar against a basket of currencies. The immediate resistance is located at US$64.

Gold: $1,292.21 (+$2.28, +0.18%)
Gold prices rebounded, boosted by optimism over U.S. and China trade progress. The immediate resistance is located around $1,300.

Economic Releases:
EU - Eurozone's Retail Sales, 5.00PM
US - United States' Unemployment Rate, 8.30PM

Technical Trading Stocks - 5 Apr 19 
Stock Name: GADANG (9261)
Entry: Buy above RM0.71
Target: RM0.785 (10.6%), RM0.82 (15.5%)
Stop: RM0.67 (-5.6%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: FAJAR (7047)
Entry: Buy above RM0.415
Target: RM0.45 (8.4%), RM0.465 (12.0%)
Stop: RM0.395 (-4.8%)
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: GADANG, FAJAR

Related Stocks

Chart Stock Name Last Change Volume 
GADANG 0.695 +0.015 (2.21%) 2,732,300 
FAJAR 0.355 -0.005 (1.39%) 197,100 

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