KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Wed, 23 Sep 2020, 5:06 PM


Daily Market Update - 10 May 2019 (FRONTKN, 3A)

Author:   |    Publish date:

Dow Jones: 25,828.36 pts (-138.97pts, -0.54%)
U.S. stockmarkets trended lower as the Dow fell 0.5% overnight on mounting concern over the Sino-U.S. trade dispute. The immediate support is located at 25,200.

FBM KLCI: 1,618.53 pts (-15.02pts, -0.92%)
The FBM KLCI (-0.9%) extended its losses in tandem with the negative performance across its regional peers yesterday. The immediate support is located at 1,610.

Crude Palm Oil: RM2,005 (-RM32, -1.57%)
Crude palm oil prices extended its losses on concern over rising output will continue to outweigh the sluggish demand. The immediate support is located around RM1,940.

WTI Crude Oil: $61.70 (-$0.42, -0.68%)
Crude oil prices retreated as concern over U.S.-China trade negotiation offsets the global supply disruptions. The immediate resistance is located at US$67.

Gold: $1,284.08 (+$3.20, +0.25%)
Gold prices rebounded amid the looming imposition of additional tariffs in Chinese goods takes place. The immediate resistance is located around $1,300.

Economic Releases:
MY - Malaysia's Unemployment Rate, 12.00PM
MY - Malaysia's Industrial Production, 12.00PM
MY - Malaysia's Retail Sales, 12.00PM
UK - United Kingdom's Industrial Production, 4.30PM
UK - United Kingdom's Manufacturing Production, 4.30PM

Technical Trading Stocks - 10 May 19 
Stock Name: FRONTKN (0128)
Entry: Buy above RM1.33
Target: RM1.43 (7.5%), RM1.50 (12.8%)
Stop: RM1.27 (-4.5%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: 3A (0012)
Entry: Buy above RM0.91
Target: RM0.985 (8.2%), RM1.02 (12.1%)
Stop: RM0.885 (-2.7%)
Shariah: Yes
Technical: Monitor for 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.

Share this
Labels: FRONTKN, 3A

Related Stocks

Chart Stock Name Last Change Volume 
FRONTKN 3.41 +0.04 (1.19%) 3,896,100 
3A 0.80 -0.01 (1.23%) 91,700 

  Be the first to like this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Perform Technical & Fundamental Analysis on Stocks
MQ Affiliate
Earn rewards by referring your friends

208  814  465  602 

Top 10 Active Counters
 ASB 0.19+0.065 
 KANGER 0.26-0.05 
 PASUKGB 0.085-0.04 
 XOX 0.18-0.005 
 BINTAI 0.74-0.035 
 IRIS 0.28-0.04 
 SOLUTN 0.70+0.01 
 VSOLAR 0.04-0.005 
 MUIIND 0.145+0.02 
 PHB 0.0250.00 


1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!