KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 25 Feb 2020, 5:14 PM


Daily Market Update - 15 Feb 2019 (DELEUM, SEM)

Author:   |    Publish date:

Dow Jones: 25,439.39 pts (-103.88pts, -0.41%)
U.S. stockmarkets retreated overnight as the Dow fell 0.4%, dragged down by the disappointing retail sales data that sank 1.2% M.o.M in December 2018 - the worst decline since 2009. The immediate resistance is located at 26,000.

FBM KLCI: 1,689.06 pts (+3.76pts, +0.22%)
The FBM KLCI (+0.2%) formed a bullish engulfing candle, boosted by the stronger-than-expected 4Q2018 GDP data that rose 4.7% Y.o.Y. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,277 (+RM27, +1.20%)
Crude palm oil prices halted a four day losing streak on improved demand after India lowered its import duty. The immediate resistance is located around RM2,300.

WTI Crude Oil: $54.41 (+$0.51, +0.95%)
Crude oil prices extended its gains amid the supply cuts could provide some alleviation to the prolonged oversupply glut. The immediate resistance is located at US$55.

Gold: $1,312.57 (+$6.30, +0.48%)
Gold prices rebounded after the Greenback depreciated against a basket of currencies. The immediate resistance is located around $1,350.

Economic Releases:
CN - China's Inflation Rate, 9.30AM
CN - China's Producer Price Index, 9.30AM
JP - Japan's Industrial Production, 12.30PM
UK - United Kingdom's Retail Sales, 5.30PM
US - United States' Retail Sales, 9.30PM
US - United States' Manufacturing Production, 10.15PM
US - United States' Industrial Production, 10.15PM

Potential Momentum Stocks - 15 Feb 19 
Stock Name: DELEUM (5132)
Entry: Buy above RM1.11
Target: RM1.20 (8.1%), RM1.24 (11.7%)
Stop: RM1.07 (-3.6%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: SEM (5250)
Entry: Buy above RM1.44
Target: RM1.50 (4.2%), RM1.55 (7.6%)
Stop: RM1.39 (-3.5%)
Shariah: No
Technical: Consolidation 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 
DELEUM 0.84 0.00 (0.00%) 255,000 
SEM 1.40 0.00 (0.00%) 154,400 

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