KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 25 Feb 2020, 5:14 PM


Daily Market Update - 10 Oct 2019 (DELEUM, POS)

Author:   |    Publish date:

Dow Jones: 26,346.01 pts (+181.97pts, +0.70%)
U.S. stockmarkets rebounded as the Dow rose 0.7% overnight, boosted by optimism over potential positive progress arising from U.S.-China trade talks. The immediate resistance is located at 27,000.

FBM KLCI: 1,551.23 pts (-7.56pts, -0.48%)
The FBM KLCI (-0.5%) extended its losses after languishing in the negative territory for the entire trading session in tandem with the mostly negative performance across its' regional peers yesterday. The immediate support is located at 1,550.

Crude Palm Oil: RM2,196 (+RM21, +0.97%)
Crude palm oil prices recorded its fourth straight session of gains, boosted by the weaker Ringgit against the Greenback, coupled with anticipation of improve demand ahead of the month-end festive season. The immediate resistance is located around RM2,200.

WTI Crude Oil: $52.59 (-$0.04, -0.08%)
Crude oil prices finished on a flattish note to remain in the tight consolidation band after erasing most of its' intraday gains amid the rising U.S. stockpile level. The immediate support is located at US$50.

Gold: $1,505.57 (+$0.06, +0.00%)
Gold prices ended relatively unchanged as gains were capped by the rising Greenback against a basket of currencies. The immediate resistance is located around $1,550.

Economic Releases:
JP - Japan's Producer Price Index, 7.50AM
UK - United Kingdom's Manufacturing Production, 4.30PM
UK - United Kingdom's Industrial Production, 4.30PM
US - United States' Inflation Rate, 8.30PM

M+ Online Technical Trading Stocks - 10 Oct 19

Stock Name: DELEUM (5132)
Entry: Buy above RM1.03
Target: RM1.10 (6.8%), RM1.14 (10.7%)
Stop: RM0.97 (-5.8%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: POS (4634)
Entry: Buy above RM1.77
Target: RM1.95 (10.2%), RM2.00 (13.0%)
Stop: RM1.62 (-8.5%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online



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Labels: DELEUM

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Chart Stock Name Last Change Volume 
DELEUM 0.84 0.00 (0.00%) 255,000 

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