KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Wed, 29 Jan 2020, 5:30 PM


Daily Market Update - 26 Sept 2019 (OCK, UCHITEC)

Author:   |    Publish date:

Dow Jones: 26,970.71 pts (+162.94pts, +0.61%)
U.S. stockmarkets rebounded as the Dow (+0.6%) after U.S. President Donald Trump re-assured investors that the U.S.-China trade deal will materialise sooner-than-expected. The immediate support is located at 26,400.

FBM KLCI: 1,589.58 pts (-2.75pts, -0.17%)
The FBM KLCI (-0.2%) finished lower for the third straight session, mirroring the weakness across its regional peers on the escalating Sino-U.S. trade dispute. The immediate support is located at 1,590.

Crude Palm Oil: RM2,147 (+RM6, +0.28%)
Crude palm oil prices halted a five-day free fall, lifted by the weaker Ringgit against the Greenback. The immediate support is located around RM2,150.

WTI Crude Oil: $56.49 (-$0.80, -1.40%)
Crude oil prices extended its losses after Saudi Arabia reported to have restored mores of its production. The immediate support is located at US$50.

Gold: $1,504.05 (-$27.82, -1.82%)
Gold prices snapped a four-day winning streak as investors shifted their focus on riskier assets. The immediate resistance is located around $1,550.

Economic Releases:
US - United States' 2Q2019 GDP Growth Rate, 8.30PM

M+ Online Technical Trading Stocks - 26Sep19

Stock Name: OCK (0172)
Entry: Buy above RM0.625
Target: RM0.665 (6.4%), RM0.68 (8.8%)
Stop: RM0.585 (-6.4%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: UCHITEC (7100)
Entry: Buy above RM2.83
Target: RM2.95 (4.2%), RM3.06 (8.1%)
Stop: RM2.72 (-3.9%)
Shariah: Yes
Technical: Symmetrical triangle formation 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 
OCK 0.605 +0.025 (4.31%) 4,693,600 
UCHITEC 2.66 +0.02 (0.76%) 54,200 

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moniekj Orion
26/09/2019 9:16 AM


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