Highlights

KLSE Traders Update and Ideas

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

 

Daily Market Update - 17 May 2019 (SERBADK, GADANG)

Author:   |    Publish date:


Dow Jones: 25,862.68 pts (+214.66pts, +0.84%)
U.S. stockmarkets trended higher for the third straight session as the Dow gained 0.8%, boosted by strong corporate earnings from Cisco Systems and Walmart Inc. The immediate resistance is located at 26,000.

FBM KLCI: 1,599.19 pts (-12.24pts, -0.76%)
The FBM KLCI (-0.8%) erased all its previous session gains, dragged down by quick profit taking activities yesterday. The immediate support is located at 1,580.

Crude Palm Oil: RM2,096 (+RM51, +2.49%)
Crude palm oil prices recorded its fourth straight session of advance, taking cue from the firmer soybean oil prices, coupled with the decline in Indonesia reserves level. The immediate resistance is located around RM2,100.

WTI Crude Oil: $62.87 (+$0.85, +1.38%)
Crude oil prices extended its gains on the prolonged geopolitical tension in Middle East. The immediate resistance is located at US$67.

Gold: $1,286.72 (-$9.77, -0.75%)
Gold prices extended its losses on the return of investors' preference in riskier assets. The immediate resistance is located around $1,300.

Economic Releases:
EU - Eurozone's Construction Output, 5.00PM
EU - Eurozone's Inflation Rate, 5.00PM

Technical Trading Stocks - 17 May 19 
Stock Name: SERBADK (5279)
Entry: Buy above RM4.01
Target: RM4.22 (5.2%), RM4.28 (6.7%)
Stop: RM3.89 (-3.0%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: GADANG (9261)
Entry: Buy above RM0.83
Target: RM0.89 (7.2%), RM0.96 (15.7%)
Stop: RM0.79 (-4.8%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Source: Bloomberg, M+ Online

 

Disclaimer

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: SERBADK, GADANG

Related Stocks

Chart Stock Name Last Change Volume 
SERBADK 1.70 0.00 (0.00%) 11,853,500 
GADANG 0.40 -0.01 (2.44%) 1,929,100 

  Patrick13 likes this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate
 
 

241  924  499  511 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 AT 0.155-0.015 
 PHB 0.030.00 
 SAPNRG 0.115-0.005 
 VIVOCOM 0.855-0.365 
 KANGER 0.18-0.015 
 PA 0.145-0.005 
 MTRONIC 0.105-0.01 
 KGROUP-WC 0.020.00 
 XDL 0.07-0.005 
 ARMADA 0.27-0.005 

FEATURED POSTS

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!
PARTNERS & BROKERS