KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Wed, 5 Aug 2020, 5:13 PM


Daily Market Update - 23 Nov 2018 (NOTION, SIME)

Author:   |    Publish date:

Dow Jones: 24,464.69 pts (-0.95pts, -0.00%)
U.S. stockmarkets were closed for the Thanksgiving Day public holiday yesterday. Futures market saw the Dow falling 0.6% on lingering concern over the global growth. The immediate support is located at 24,000.

FBM KLCI: 1,695.62 pts (+0.25pts, +0.01%)
Tracking the renewed volatility in Wall Street overnight, the FBM KLCI (-0.9%) gapped down to close below the 1,700 psychological level yesterday. The immediate resistance is located at 1,730.

Crude Palm Oil: RM2,057 (+RM51, +2.54%)
Crude palm oil prices extended its gains in tandem with the higher soybean oil prices overnight. The immediate support is located around RM1950.

WTI Crude Oil: $54.63 (+$1.20, +2.22%)
Trading in crude oil prices was also closed in conjunction with the Thanksgiving Day public holiday. The immediate resistance is located at US$60.

Gold: $1,228.64 (+$2.60, +0.21%)
Gold prices extended its gains as holdings in exchange-traded funds rose, signalling improved demand. The immediate resistance is located around $1,250.

Economic Releases:
MY - Malaysia's Inflation Rate, 12.00PM

Potential Momentum Stocks - 23 Nov 18 
Stock Name: NOTION (0083)
Entry: Buy above RM0.71
Target: RM0.755 (6.3%), RM0.79 (11.3%)
Stop: RM0.68 (-4.2%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: SIME (4197)
Entry: Buy above RM2.52
Target: RM2.75 (9.1%), RM2.93 (16.3%)
Stop: RM2.33 (-7.5%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online



The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

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 
NOTION 1.44 0.00 (0.00%) 49,979,400 
SIME 2.13 +0.03 (1.43%) 5,115,400 

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