KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Wed, 26 Feb 2020, 5:11 PM


Daily Market Update - 27 Mar 2018 (WASEONG, SAMCHEM)

Author:   |    Publish date:

Dow Jones: 24,202.60 pts (+669.40pts, +2.84%)
Wall Street started off the week on a firm footing as the Dow (+2.8%) recovered all its previous session losses after U.S. is reported to be in talks with China on trade plans. The immediate resistance is located at 25,000.

FBM KLCI: 1,859.91 pts (-5.31pts, -0.28%)
The FBM KLCI (-0.3%) trimmed its intraday losses yesterday on bargain hunting activities after concern over global trade war fades. The immediate resistance is located at 1,880.

Crude Palm Oil: RM2,434 (+RM6, +0.25%)
Crude palm oil prices advanced, forming a hammer candle after recouping all its intraday losses amid the buoyant export data. The immediate resistance is envisaged around RM2,500.

WTI Crude Oil: $65.55 (-$0.33, -0.50%)
Crude oil prices pullback amid mild profit taking activities. The immediate resistance is located at US$67.

Gold: $1,353.50 (+$6.17, +0.46%)
Gold prices extended its gains after the Greenback weakened against a basket of currencies. The immediate resistance will be pegged around US$1,360.

Economic Releases:
EU - Eurozone's Business Confidence, 5.00PM

Bursa Malaysia Trade Statistics - 26 Mar 18
Institutions:  Net BUY 50.3 mln (49.2%)
Retail:  Net SELL 10.0 mln (24.4%)
Foreign:  Net SELL 40.3 mln (26.4%)

Potential Momentum Stocks - 27 Mar 18 
Stock Name: WASEONG (5142)
Entry: Buy above RM1.54
Target: RM1.71 (11.0%), RM1.84 (19.5%)
Stop: RM1.39 (-9.7%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: SAMCHEM (5147)
Entry: Buy above RM1.04
Target: RM1.11 (6.7%), RM1.20 (15.4%)
Stop: RM1.00 (-3.8%)
Shariah: No
Technical: Monitor for 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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Related Stocks

Chart Stock Name Last Change Volume 
WASEONG 1.30 +0.03 (2.36%) 706,100 
SAMCHEM 0.66 -0.03 (4.35%) 782,600 

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