KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 17 Jan 2020, 5:33 PM


Daily Market Update - 19 Jun 2019 (EWEIN, SUCCESS)

Author:   |    Publish date:

Dow Jones: 26,465.54 pts (+353.01pts, +1.35%)
Wall Street rallied overnight as the Dow jumped 1.4% on optimism over trade progress in the upcoming G-20 summit meeting, coupled with expectations over easing monetary policy by the U.S. Federal Reserve in coming months. The immediate resistance is located at 27,000.

FBM KLCI: 1,652.76 pts (+14.36pts, +0.88%)
The FBM KLCI recovered all its previous session losses, boosted by bargain hunting activities in selected index heavyweights yesterday. The immediate resistance is located at 1,660.

Crude Palm Oil: RM2,022 (-RM12, -0.59%)
Crude palm oil prices staged a mild pullback on concern over potential India import tax hike. The immediate support is located around RM1,950.

WTI Crude Oil: $53.90 (+$1.97, +3.80%)
Crude oil prices formed a bullish candle, lifted by optimism that OPEC and its allies will extend production cut in the upcoming meeting at early July 2019. The immediate resistance is located at US$55.

Gold: $1,346.61 (+$6.95, +0.52%)
Gold prices rebounded after the U.S. Dollar retreated against a basket of currencies on expectations over the easing U.S. Federal Reserve monetary policy. The immediate resistance is located around $1,350.

Economic Releases:
UK - United Kingdom's Inflation Rate, 4.30PM

Technical Trading Stocks - 19 Jun 19 
Stock Name: EWEIN (7249)
Entry: Buy above RM0.685
Target: RM0.74 (8.0%), RM0.76 (10.9%)
Stop: RM0.65 (-5.1%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: SUCCESS (7207)
Entry: Buy above RM0.86
Target: RM0.945 (9.9%), RM1.00 (16.3%)
Stop: RM0.80 (-7.0%)
Shariah: Yes
Technical: Breakout-pullback-continuation

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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Related Stocks

Chart Stock Name Last Change Volume 
EWEIN 0.54 0.00 (0.00%) 237,100 
SUCCESS 0.94 +0.005 (0.53%) 147,000 

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