KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Thu, 13 Aug 2020, 8:44 AM


Daily Market Update - 14 May 2019 (AIRPORT, T7GLOBAL)

Author:   |    Publish date:

Dow Jones: 25,324.99 pts (-617.38pts, -2.38%)
U.S. stockmarkets tumbled overnight as the Dow sank 2.4% after China retaliated with additional tariff on U.S. goods. The immediate support is located at 25,200.

FBM KLCI: 1,601.09 pts (-9.18pts, -0.57%)
The FBM KLCI (-0.6%) endured another round off selloff as the key index fell for the fourth straight session, mirroring the weakness across its regional peers yesterday. The immediate support is located at 1,580.

Crude Palm Oil: RM1,985 (+RM2, +0.10%)
Crude palm oil prices halted a three-day losing streak on expectation over lower inventory level. The immediate support is located around RM1,940.

WTI Crude Oil: $61.04 (-$0.62, -1.00%)
Crude oil prices erased all its intraday gains, dragged down by the escalating trade tension between U.S. and China . The immediate resistance is located at US$67.

Gold: $1,299.91 (+$13.86, +1.08%)
Gold prices trended higher for the third straight session amid the escalating Sino-U.S. trade dispute. The immediate resistance is located around $1,300.

Economic Releases:
UK - United Kingdom's Unemployment Rate, 4.30PM
EU - Eurozone's Industrial Production, 5.00PM

Technical Trading Stocks - 14 May 19 
Stock Name: AIRPORT (5014)
Entry: Buy above RM7.31
Target: RM7.67 (4.9%), RM7.85 (7.4%)
Stop: RM7.01 (-4.1%)
Shariah: No
Technical: Breakout-pullback-continuation

Stock Name: T7GLOBAL (7228)
Entry: Buy above RM0.50
Target: RM0.56 (12.0%), RM0.585 (17.0%)
Stop: RM0.445 (-11.0%)
Shariah: Yes
Technical: Hammer candle

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 
AIRPORT 5.25 +0.14 (2.74%) 1,881,000 
T7GLOBAL 0.39 0.00 (0.00%) 2,722,600 

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