KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 7 Aug 2020, 5:28 PM


Daily Market Update - 19 Sept 2019 (Kelington Group Bhd, Ewein Bhd)

Author:   |    Publish date:

Dow Jones: 27,147.08 pts (+36.28pts, +0.13%)
Once again, Wall Street finished higher as the Dow (+0.1%) closed in the positive territory, lifted by late buying after the U.S. Federal Reserve announced that another 25 basis points of its benchmark interest rates will be cut. The immediate resistance is located at 27,400.

FBM KLCI: 1,599.49 pts (-4.81pts, -0.30%)
The FBM KLCI (-0.3%) erased all its' previous session gains on the weakness in selected plantation heavyweight as crude palm oil prices retreated. The immediate support is located at 1,590.

Crude Palm Oil: RM2,260 (-RM25, -1.09%)
Crude palm oil prices retreated, taking cue from the lower soybean oil prices overnight. The immediate support is located around RM2,200.

WTI Crude Oil: $58.11 (-$1.23, -2.07%)
Crude oil prices extended its losses as Saudi Arabia looks to restore their production as soon as possible. The immediate resistance is located at US$64.

Gold: $1,494.00 (-$7.38, -0.49%)
Gold prices retreated as the Greenback fell after the U.S. Federal Reserve trims its benchmark interest rates by 25 basis points. The immediate support is located around $1,450.

Economic Releases:
JP - Japan's Bank of Japan's Interest Rate Decision, 11.00AM
UK - United Kingdom's Retail Sales, 4.30PM
UK - United Kingdom's Bank of England's Quantitative Easing, 7.00PM
UK - United Kingdom's Bank of England's Interest Rate Decision, 7.00PM
US - United States' Existing Home Sales, 10.00PM

M+ Online Technical Trading Stocks - 19Sep19

Stock Name: Kelington Group Bhd (0151)
Entry: Buy above RM1.27
Target: RM1.36 (7.1%), RM1.40 (10.2%)
Stop: RM1.21 (-4.7%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: Ewein Bhd (7249)
Entry: Buy above RM0.625
Target: RM0.655 (4.8%), RM0.68 (8.8%)
Stop: RM0.60 (-4.0%)
Shariah: Yes
Technical: Consolidation breakout

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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Labels: KGB, EWEIN

Related Stocks

Chart Stock Name Last Change Volume 
KGB 1.14 +0.03 (2.70%) 11,782,700 
EWEIN 0.26 -0.02 (7.14%) 1,558,200 

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