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KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Thu, 23 Jan 2020, 5:14 PM

 

Daily Market Update - 30 Jan 2019 (YOCB, AWC)

Author:   |    Publish date:


Dow Jones: 24,579.96 pts (+51.74pts, +0.21%)
U.S. stockmarkets closed mixed overnight as the Dow added 0.2% as investors monitor the upcoming trade talks between U.S. and China, coupled with the U.S. Federal Reserve policy meeting. The immediate resistance is located at 25,000.

FBM KLCI: 1,690.41 pts (-7.09pts, -0.42%)
The FBM KLCI (-0.4%) continues to trend lower in tandem with the weakness across its regional peers yesterday. The immediate resistance is located at 1,710.

Crude Palm Oil: RM2,294 (-RM33, -1.42%)
Crude palm retreated from six-month high, taking cue from the weakness in soybean oil prices. The immediate resistance is located around RM2,350.

WTI Crude Oil: $53.31 (+$1.32, +2.54%)
Crude oil prices rallied after U.S. imposed sanctions on state-owned Venezuelan oil company, PDVSA which could potentially cut global supply by 600,000 barrels per day. The immediate resistance is located at US$55.

Gold: $1,311.79 (+$8.43, +0.65%)
Gold prices rebounded as demand for safe haven assets rose on political uncertainty in the Eurozone. The immediate resistance is located around $1,350.

Economic Releases:
JP - Japan's Retail Sales, 7.50AM
EU - Eurozone's Business Confidence, 6.00PM
EU - Eurozone's Services Sentiment, 6.00PM
EU - Eurozone's Economic Sentiment, 6.00PM
EU - Eurozone's Industrial Sentiment, 6.00PM

Potential Momentum Stocks - 30 Jan 19 
Stock Name: YOCB (5159)
Entry: Buy above RM1.05
Target: RM1.10 (4.8%), RM1.15 (9.5%)
Stop: RM1.01 (-3.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: AWC (7579)
Entry: Buy above RM0.70
Target: RM0.765 (9.3%), RM0.79 (12.9%)
Stop: RM0.665 (-5.0%)
Shariah: Yes
Technical: Monitor for 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: YOCB, AWC

Related Stocks

Chart Stock Name Last Change Volume 
YOCB 0.93 0.00 (0.00%)
AWC 0.595 0.00 (0.00%)

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