KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 29 May 2020, 8:24 AM


Daily Market Update - 11 Sept 2019 (FPGROUP, OCK)

Author:   |    Publish date:

Dow Jones: 26,909.43 pts (+73.92pts, +0.28%)
U.S. stockmarkets advanced after recovering all their intraday losses, boosted by the eleventh hour buying support as the Dow gained 0.3% on reports that China is ready to purchase more U.S. agricultural products. The immediate resistance is located at 27,000.

FBM KLCI: 1,595.85 pts (-8.62pts, -0.54%)
The FBM KLCI (-0.5%) resume trading on a downbeat manner, dragged down by telco heavyweights following the called off proposed Telenor-Axiata merger. The immediate resistance is located at 1,620.

Crude Palm Oil: RM2,222 (+RM21, +0.95%)
Crude palm oil prices advanced after end-August 2019 stockpiles fell to 13-months low. The immediate resistance is located around RM2,250.

WTI Crude Oil: $57.40 (-$0.45, -0.78%)
Crude oil prices retreated after the Energy Information Administration lowered its 2019 and 2020 price forecasts amid the rising U.S. production. The immediate resistance is located at US$58.

Gold: $1,485.78 (-$13.35, -0.89%)
Gold prices trended lower for the fourth straight session as the U.S. 10-year treasury yields advanced. The immediate support is located around $1,450.

Economic Releases:
MY - Malaysia's Retail Sales, 12.00PM
MY - Malaysia's Industrial Production, 12.00PM
US - United States' Producer Price Index, 8.30PM

M+ Online Technical Trading Stocks - 11Sep19

Stock Name: FPGROUP (5277)
Entry: Buy above RM0.37
Target: RM0.405 (9.5%), RM0.425 (14.9%)
Stop: RM0.345 (-6.8%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: OCK (0172)
Entry: Buy above RM0.62
Target: RM0.685 (10.5%), RM0.73 (17.7%)
Stop: RM0.56 (-9.7%)
Shariah: Yes
Technical: Monitor for breakout

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 
FPGROUP 0.80 +0.005 (0.63%) 1,752,700 
OCK 0.535 0.00 (0.00%) 401,500 

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