KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 13 Oct 2020, 5:16 PM


Daily Market Update - 14 Dec 2018 (CCMDBIO, SERBADK)

Author:   |    Publish date:

Dow Jones: 24,597.38 pts (+70.11pts, +0.29%)
U.S. stockmarkets finished mixed overnight as the Dow added 0.3% but the S&P 500 edged 0.02% lower after enduring a choppy trading session. The immediate resistance is located at 25,000.

FBM KLCI: 1,676.00 pts (+12.73pts, +0.77%)
The FBM KLCI (+0.8%) gapped up to extend its gains in tandem with the positive sentiment across regional peers yesterday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,046 (+RM14, +0.69%)
Crude palm oil prices extended its gains, taking cue from the higher soybean oil prices as the latter saw improved demand from China. The immediate support is located around RM1950.

WTI Crude Oil: $52.58 (+$1.43, +2.80%)
Crude oil prices rallied after Saudi Arabia is reported to slash shipments to U.S. in order to tackle the inventory build-up situation. The immediate resistance is located at US$55.

Gold: $1,241.99 (-$3.67, -0.29%)
Gold prices ended lower as the U.S. Dollar appreciated against a basket of currencies. The immediate resistance is located around $1,250.

Economic Releases:
CN - China's Industrial Production, 10.00AM
CN - China's Retail Sales, 10.00AM
MY - Malaysia's Unemployment Rate, 12.00PM
JP - Japan's Industrial Production, 12.30PM
US - United States' Retail Sales, 9.30PM
US - United States' Industrial Production, 10.15PM
US - United States' Manufacturing Production, 10.15PM

Potential Momentum Stocks - 14 Dec 18 
Stock Name: CCMDBIO (7148)
Entry: Buy above RM1.08
Target: RM1.16 (7.4%), RM1.25 (15.7%)
Stop: RM1.02 (-5.6%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: SERBADK (5279)
Entry: Buy above RM3.80
Target: RM4.06 (6.8%), RM4.29 (12.9%)
Stop: RM3.60 (-5.3%)
Shariah: Yes
Technical: Monitor for trendline 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 
DPHARMA 3.87 -0.04 (1.02%) 5,648,400 
SERBADK 1.56 0.00 (0.00%) 3,417,300 

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