Highlights

KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 4 Aug 2020, 5:08 PM

 

Daily Market Update - 18 Jun 2019 (IGBREIT, KAREX)

Author:   |    Publish date:


Dow Jones: 26,112.53 pts (+22.92pts, +0.09%)
U.S. stockmarkets chalked in mild gains as the Dow rose 0.1% in anticipation of more clues on interest rate direction in the upcoming U.S. Federal Reserve meeting. The immediate resistance is located at 27,000.

FBM KLCI: 1,638.40 pts (-0.23pts, -0.01%)
The FBM KLCI erased all its intraday gains, dragged down by the eleventh hour quick profit taking in selected index heavyweights yesterday. The immediate resistance is located at 1,660.

Crude Palm Oil: RM2,034 (+RM16, +0.79%)
Crude palm oil prices formed a bullish engulfing candle to extend its gains, mirroring the higher soybean oil prices, coupled with the weaker Ringgit against the Greenback. The immediate support is located around RM1,950.

WTI Crude Oil: $51.93 (-$0.58, -1.10%)
Crude oil prices halted a two-day winning streak in anticipation that OPEC could not meet the targeted deadline production cut. The immediate resistance is located at US$55.

Gold: $1,339.66 (-$2.04, -0.15%)
Gold prices extended its losses after the U.S. Dollar rallied against a basket of currencies. The immediate resistance is located around $1,350.

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

Technical Trading Stocks - 18 Jun 19 
Stock Name: IGBREIT (5227)
Entry: Buy above RM1.90
Target: RM1.95 (2.6%), RM1.98 (4.2%)
Stop: RM1.85 (-2.6%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: KAREX (5247)
Entry: Buy above RM0.535
Target: RM0.585 (9.3%), RM0.615 (15.0%)
Stop: RM0.495 (-7.5%)
Shariah: No
Technical: Consolidation 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: IGBREIT, KAREX

Related Stocks

Chart Stock Name Last Change Volume 
IGBREIT 1.79 -0.01 (0.56%) 524,300 
KAREX 0.97 +0.30 (44.78%) 79,014,800 

  Be the first to like 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
 
 

542  474  482  465 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 MTOUCHE 0.11+0.035 
 AT 0.105+0.005 
 XDL 0.065+0.005 
 KGROUP 0.120.00 
 NEXGRAM 0.065+0.005 
 XOX 0.245-0.02 
 MQTECH 0.24+0.02 
 K1 0.60+0.005 
 IRIS 0.37+0.04 
 MTOUCHE-WC 0.03+0.025 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program
Partners & Brokers