KLSE Traders Update and Ideas

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


Daily Market Update - 13 Feb 2019 (REVENUE, TRC)

Author:   |    Publish date:

M+ Online Morning Buzz - 13 Feb 19

Dow Jones: 25,425.76 pts (+372.65pts, +1.49%)
U.S. stockmarkets rallied as the Dow jumped 1.5% higher as investors cheered on the positive developments in Washington whereby lawmakers reached an agreement to avoid another partial government shutdown, coupled with renewed optimism over a potential trade deal between U.S. and China. The immediate resistance is located at 25,500.

FBM KLCI: 1,687.41 pts (-1.15pts, -0.07%)
The FBM KLCI (-0.1%) retreated after lingering mostly in the negative territory, underperforming the mostly positive sentiment across regional peers yesterday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,254 (-RM12, -0.53%)
Crude palm oil prices trended lower for the third straight session, dragged down by the sluggish demand. The immediate resistance is located around RM2,300.

WTI Crude Oil: $53.10 (+$0.69, +1.32%)
Crude oil prices rebounded as Saudi Arabia took a larger-than-expected production cut to alleviate the oversupply condition. The immediate resistance is located at US$55.

Gold: $1,310.80 (+$2.68, +0.21%)
Gold prices rebounded after the Greenback depreciated against a basket of currencies. The immediate resistance is located around $1,350.

Economic Releases:
JP - Japan's Producer Price Index, 7.50AM
UK - United Kingdom's Inflation Rate, 5.30PM
EU - Eurozone's Industrial Production, 6.00PM
US - United States' Inflation Rate, 9.30PM

Potential Momentum Stocks - 13 Feb 19
Stock Name: REVENUE (0200)
Entry: Buy above RM1.23
Target: RM1.34 (8.9%), RM1.38 (12.2%)
Stop: RM1.18 (-4.1%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: TRC (5054)
Entry: Buy above RM0.54
Target: RM0.57 (5.6%), RM0.59 (9.3%)
Stop: RM0.52 (-3.7%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online



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Related Stocks

Chart Stock Name Last Change Volume 
REVENUE 1.25 0.00 (0.00%) 1,134,300 
TRC 0.35 -0.005 (1.41%) 1,413,000 

  Be the first to like this.
moneykj Go for Orion.

Why I look here look there Orion very similar to 1 stock king I in 2014:

1. No of share: both also about 600m
2. Start to goreng from 0.105
3. Both start after announcement of government link project. Both fintech. "I" doing GST collection software for government.
4. Cumulative 4 q earning after start goreng was 30m for "I". Cimb estimated Orion can come to highest 29m for 2019.
5. Both also start from weak results. "I" only 421k. Orion 1m.
6. The same analyst, Cimb analyst covered both

One famous anei behind the rise of "I". I believe he is also behind Orion...Guess who...

"I" rose more than 1500%. How will Orion doing?
13/02/2019 9:11 AM

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