KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 13 Oct 2020, 5:16 PM


Daily Market Update - 11 Nov 2019 (FAVCO, SUCCESS)

Author:   |    Publish date:

Dow Jones: 27,681.24 pts (+6.44pts, +0.02%)
U.S. stockmarkets inched higher as the Dow rose 0.02% even after U.S. President casted doubts over the progress of U.S.-China trade deal. The immediate resistance is located at 27,700.

FBM KLCI: 1,609.73 pts (+0.40pts, +0.02%)
The FBM KLCI (+0.02%) chalked in mild gains after climbing into the positive territory in the eleventh trading hour, boosted by gains in selected banking heavyweights. The immediate resistance is located at 1,620.

Crude Palm Oil: RM2,573 (+RM45, +1.78%)
Crude palm oil prices rebounded on expectations over improving demand, coupled with the seasonally lower production in October. The immediate resistance is located around RM2,600.

WTI Crude Oil: $57.24 (+$0.80, +1.42%)
Crude oil prices extended their gains after China's demand soared to record high level. The immediate resistance is located at US$58.

Gold: $1,459.00 (-$22.09, -1.47%)
Gold prices extended its losses after the Greenback trended higher against a basket of currencies. The immediate support is located around $1,400.

Economic Releases:
JP - Japan's Machinery Orders, 7.50AM
MY - Malaysia's Unemployment Rate, 12.00PM
MY - Malaysia's Industrial Production, 12.00PM
UK - United Kingdom's Manufacturing Production, 5.30PM
UK - United Kingdom's Industrial Production, 5.30PM

M+ Online Technical Trading Stocks - 11 Nov 19

Stock Name: FAVCO (7229)
Entry: Buy above RM2.73
Target: RM2.85 (4.4%), RM2.95 (8.1%)
Stop: RM2.65 (-2.9%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: SUCCESS (7207)
Entry: Buy above RM0.97
Target: RM1.05 (8.2%), RM1.12 (15.5%)
Stop: RM0.94 (-3.1%)
Shariah: Yes
Technical: Breakout-pullback-continuation

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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Related Stocks

Chart Stock Name Last Change Volume 
FAVCO 2.30 -0.02 (0.86%) 488,500 
SUCCESS 0.55 -0.005 (0.90%) 72,900 

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