KLSE Traders Update and Ideas

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


Daily Market Update - 13 Nov 2019 (JHM, EWEIN)

Author:   |    Publish date:

Dow Jones: 27,691.49 pts (0.00pts, 0.00%)
Although the Dow closed on a flat note, the broader market advanced as the S&P 500 and Nasdaq added 0.2% and 0.3% respectively as investors continue to pin hopes on a partial U.S.-China trade deal. The immediate resistance is located at 27,700.

FBM KLCI: 1,609.73 pts (+1.58pts, +0.10%)
The FBM KLCI (+0.1%) inched higher alongside with gains across regional peers, boosted by the strong retail sales data in September 2019 that rose 7.2% Y.o.Y. The immediate resistance is located at 1,620.

Crude Palm Oil: RM2,604 (-RM23, -0.88%)
Crude palm oil prices staged a pullback from two-year high after the Ringgit appreciated against the U.S. Dollar. The immediate resistance is located around RM2,700.

WTI Crude Oil: $56.80 (-$0.06, -0.11%)
Crude oil prices extended its' losses as investors continue to monitor for developments of U.S.-China trade deal progress. The immediate resistance is located at US$58.

Gold: $1,456.32 (+$0.46, +0.03%)
Gold prices halted a three-day losing streak to rebound from three-month low amid the weaker Greenback against a basket of currencies. The immediate support is located around $1,400.

Economic Releases:
JP - Japan's Producer Price Index, 7.50AM
UK - United Kingdom's Inflation Rate, 5.30PM
EU - Eurozone's Industrial Production, 6.00PM
US - United States' Inflation Rate, 9.30PM

M+ Online Technical Trading Stocks - 13 Nov 19

Stock Name: JHM (0127)
Entry: Buy above RM1.35
Target: RM1.45 (7.4%), RM1.50 (11.1%)
Stop: RM1.30 (-3.7%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: EWEIN (7249)
Entry: Buy above RM0.65
Target: RM0.69 (6.2%), RM0.72 (10.8%)
Stop: RM0.62 (-4.6%)
Shariah: Yes
Technical: Monitor for trendline 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.

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Labels: JHM, EWEIN

Related Stocks

Chart Stock Name Last Change Volume 
JHM 1.96 +0.08 (4.26%) 5,820,300 
EWEIN 0.32 -0.005 (1.54%) 851,500 

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