KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Wed, 22 Jan 2020, 5:14 PM


Daily Market Update - 31 Oct 2019 (JAKS, OCK)

Author:   |    Publish date:

Dow Jones: 27,186.69 pts (+115.27pts, +0.43%)
U.S. stockmarkets were powered higher as the Dow rose 0.4% following the U.S. Federal Reserve move to cut its benchmark interest rate by 25 basis points and signals a more dovish stance on future interest rate direction. The immediate resistance is located at 27,300.

FBM KLCI: 1,580.00 pts (+2.21pts, +0.14%)
The FBM KLCI (+0.1%) trended higher after enduring a choppy trading session on the rising Ringgit against the Greenback, coupled with the higher crude palm oil prices. The immediate resistance is located at 1,600.

Crude Palm Oil: RM2,496 (+RM79, +3.27%)
Crude palm oil prices registered its' sixth straight session to close at 17-months high on rising demand of biofuel in Malaysia and Indonesia. The immediate resistance is located around RM2,550.

WTI Crude Oil: $55.06 (-$0.48, -0.86%)
Crude oil prices trended lower for the third straight session on renewed concern over Sino-U.S. trade deal. The immediate resistance is located at US$58.

Gold: $1,495.66 (+$7.94, +0.53%)
Gold prices rebounded after the Greenback retreated against a basket of currencies following the U.S. Federal Reserve move to trim their benchmark interest rate. The immediate support is located around $1,450.

Economic Releases:
CN - China's NBS Manufacturing PMI, 9.00AM
CN - China's Non-Manufacturing PMI, 9.00AM
JP - Japan's Bank of Japan's Interest Rate Decision, 11.00AM
MY - Malaysia's Producer Price Index, 12.00PM
EU - Eurozone's Unemployment Rate, 6.00PM

M+ Online Technical Trading Stocks - 31 Oct 19

Stock Name: JAKS (4723)
Entry: Buy above RM0.965
Target: RM1.02 (5.7%), RM1.07 (10.9%)
Stop: RM0.925 (-4.1%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: OCK (0172)
Entry: Buy above RM0.62
Target: RM0.665 (7.3%), RM0.695 (12.1%)
Stop: RM0.595 (-4.0%)
Shariah: Yes
Technical: Monitor for 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.

Share this
Labels: JAKS, OCK

Related Stocks

Chart Stock Name Last Change Volume 
JAKS 1.44 +0.03 (2.13%) 11,852,500 
OCK 0.59 0.00 (0.00%) 2,132,300 

  Be the first to like this.


431  309  530  716 

Top 10 Active Counters
 PWRWELL 0.285+0.03 
 VC 0.085-0.005 
 SUPERMX 1.54+0.09 
 ICON 0.415+0.295 
 XDL 0.165+0.005 
 HSI-H8K 0.135-0.055 
 OCR-PA 0.0250.00 
 MYEG 1.14+0.03 
 HSI-C7K 0.395+0.085 
 DGB 0.135-0.005 


1. Leveraged & Inverse ETF CMS


1. 【科技成长股】INARI AMERTRON BERHAD – One of EMS Industries Benefit from Cadence and Broadcom Collaboration. 【科技成长股】INARI AMERTRON BERHAD – Benefit from Cadence and Broadcom Collaboration. What Next?
2. Dayang: Only fools will sell - Koon Yew Yin Koon Yew Yin's Blog
3. Bank Negara MPC cuts OPR by 25bp to 2.75% save malaysia!!!
4. Top Glove and Supermax: Potential Beneficiaries Amid Coronavirus Outbreak KL Trader Investment Research Articles
5. 4大手套股发“灾难财” 星洲日報/投資致富‧企業故事
6. 不是叫你买股 - NOTION篇,火后凤凰? 作者 JC JC
7. China will keep buying our palm oil, Darell Leiking says save malaysia!!!
8. Notion Vtec Berhad – PART I - by Davidtslim: A high precision metal parts Specialist who rides on Electronic Manufacturing Services (“EMS”) Davidtslim sharing
Partners & Brokers