KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Thu, 2 Apr 2020, 8:32 AM


Daily Market Update - 27 Dec 2018 (KERJAYA, GDB)

Author:   |    Publish date:

Dow Jones: 22,878.45 pts (+1086.25pts, +4.98%)
Wall Street staged one of its biggest daily gain since March 2009 as the Dow soared 5.0%, boosted by bargain hunting activities from the recent beaten down stocks, coupled with year-end window dressing activities. The immediate resistance is located at 23,500.

FBM KLCI: 1,672.60 pts (-11.22pts, -0.67%)
The FBM KLCI (-0.7%) gave up some of its previous two session gains, dragged down by minor profit taking activities in selected index heavyweights yesterday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,094 (-RM34, -1.60%)
Crude palm oil prices retreated for the fourth straight session on the sluggish monthly export data, coupled with the firmer Ringgit against the Greenback. The immediate support is located around RM2100.

WTI Crude Oil: $46.22 (+$3.69, +8.74%)
Crude oil prices snapped a three-day losing streak, lifted by Russian Energy Minister Alexander Novak comments that oil prices would become more stable in 1H2019. The immediate resistance is located at US$50.

Gold: $1,267.14 (-$1.40, -0.11%)
Gold prices extended its losses as demand for safe haven assets fell. The immediate resistance is located around $1,280.

Potential Momentum Stocks - 27 Dec 18 
Stock Name: KERJAYA (7161)
Entry: Buy above RM1.05
Target: RM1.17 (11.4%), RM1.24 (18.1%)
Stop: RM0.99 (-5.7%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: GDB (0198)
Entry: Buy above RM0.24
Target: RM0.26 (8.3%), RM0.275 (14.6%)
Stop: RM0.22 (-8.3%)
Shariah: Yes
Technical: Consolidation 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 
KERJAYA 0.905 +0.03 (3.43%) 279,900 
GDB 0.515 +0.025 (5.10%) 4,410,500 

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