KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Mon, 20 Jan 2020, 5:15 PM


Daily Market Update - 23 Oct 2019 (EWEIN, SUCCESS)

Author:   |    Publish date:

Dow Jones: 26,788.10 pts (-39.54pts, -0.15%)
U.S. stockmarkets retreated as the Dow slipped 0.2% amid the mixed bag of corporate earnings from McDonald’s, Travelers and Procter & Gamble. The immediate resistance is located at 27,300.

FBM KLCI: 1,574.09 pts (+3.16pts, +0.20%)
The FBM KLCI (+0.2%) advanced for the first time in four days in line with the gains across its' regional peers yesterday. The immediate resistance is located at 1,580.

Crude Palm Oil: RM2,317 (+RM32, +1.40%)
Crude palm oil prices formed a bullish engulfing candle to breakout above the RM2,300 resistance level on expectations over rising demand from China. The immediate resistance is located around RM2,350.

WTI Crude Oil: $54.48 (+$1.17, +2.19%)
Crude oil prices recovered all their previous two session of losses after OPEC and its allies plan to deepen cuts in 2020 to combat the slowdown in global economic growth. The immediate resistance is located at US$58.

Gold: $1,487.68 (+$3.18, +0.21%)
Gold prices rebounded amid the uncertainty surrounding Brexit progress. The immediate support is located around $1,450.

M+ Online Technical Trading Stocks - 23 Oct 19

Stock Name: EWEIN (7249)
Entry: Buy above RM0.63
Target: RM0.67 (6.3%), RM0.69 (9.5%)
Stop: RM0.60 (-4.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: SUCCESS (7207)
Entry: Buy above RM0.94
Target: RM1.05 (11.7%), RM1.12 (19.1%)
Stop: RM0.875 (-6.9%)
Shariah: Yes
Technical: Consolidation 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 
EWEIN 0.54 0.00 (0.00%) 175,000 
SUCCESS 0.93 -0.01 (1.06%) 181,300 

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