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KLSE Traders Update and Ideas

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

 

Daily Market Update - 11 Mar 2019 (UCHITEC, BPPLAS)

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Dow Jones: 25,450.24 pts (-22.99pts, -0.09%)
U.S. stockmarkets edged marginally lower as the Dow fell 0.1%, dragged down by the sluggish jobs data in February 2019. The immediate resistance is located at 26,000.

FBM KLCI: 1,679.90 pts (-7.05pts, -0.42%)
The FBM KLCI (-0.4%) retreated in tandem with the weakness across its regional peers amid the sluggish China's trade data. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,125 (-RM10, -0.47%)
Crude palm oil prices retreated for the third straight session, taking cue from the weakness in soybean oil prices. The immediate support is located around RM2,100.

WTI Crude Oil: $56.07 (-$0.59, -1.04%)
Crude oil prices retreated after OPEC and its allies reported that there will be no changes in output policy until June 2019. The immediate resistance is located at US$60.

Gold: $1,298.30 (+$12.69, +0.99%)
Gold prices advanced as demand for safe haven assets increased. The immediate resistance is located around $1,300.

Economic Releases:
CN - China's Inflation Rate, 9.30AM
MY - Malaysia's Unemployment Rate, 12.00PM

Potential Momentum Stocks - 11 Mar 19 
Stock Name: UCHITEC (7100)
Entry: Buy above RM2.84
Target: RM3.05 (7.4%), RM3.12 (9.9%)
Stop: RM2.70 (-4.9%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: BPPLAS (5100)
Entry: Buy above RM1.10
Target: RM1.16 (5.5%), RM1.19 (8.2%)
Stop: RM1.06 (-3.6%)
Shariah: Yes
Technical: Flag-formation 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: UCHITEC, BPPLAS

Related Stocks

Chart Stock Name Last Change Volume 
UCHITEC 2.71 +0.05 (1.88%) 49,300 
BPPLAS 1.09 +0.06 (5.83%) 257,400 

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