KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 17 Jan 2020, 5:33 PM


Daily Market Update - 10 Dec 2019 (JAKS, LHI)

Author:   |    Publish date:

Dow Jones: 27,909.60 pts (-105.46pts, -0.38%) U.S. stockmarkets retreated as the Dow slipped 0.4% overnight as investors turned their focus to the uncertainty over Sino-U.S. trade progress. The immediate resistance is located at 28,200.

FBM KLCI: 1,562.71 pts (-5.73pts, -0.37%) The FBM KLCI (-0.4%) started off the week on a dour note as the key index erased all its' previous session gains after the World Bank cuts Malaysia's economic growth to 4.5% (from 4.6%) for 2020. The immediate support is located at 1,550.

Crude Palm Oil: RM2,902 (+RM44, +1.54%) Crude palm oil prices registered its' fifth straight session of rally, but gains were capped by the European Union's decision to impose a five-year tariff on biodisel from Indonesia. The immediate resistance is located around RM2,900.

WTI Crude Oil: $59.02 (-$0.18, -0.30%) Crude oil prices retreated amid the weak Chinese exports data, underlying weakness in demand. The immediate resistance is located at US$60.

Gold: $1,461.68 (+$1.51, +0.10%) Gold prices rebounded as investors opted for safe haven assets amid the uncertainty ahead of the next wave of tariffs on Chinese goods. The immediate support is located around $1,400.

Economic Releases: CN - China's Inflation Rate, 9.30AM CN - China's Producer Price Index, 9.30AM UK - United Kingdom's Manufacturing Production, 5.30PM UK - United Kingdom's Industrial Production, 5.30PM  

M+ Online Technical Trading Stocks - 10 Dec 19

Stock Name: JAKS (4723) Entry: Buy above RM1.29 Target: RM1.39 (7.8%), RM1.43 (10.9%) Stop: RM1.21 (-6.2%) Shariah: Yes Technical: Monitor for breakout

Stock Name: LHI (6633) Entry: Buy above RM0.85 Target: RM0.90 (5.9%), RM0.935 (10.0%) Stop: RM0.815 (-4.1%) Shariah: Yes Technical: Consolidation 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

  Be the first to like this.


382  346  555  684 

Top 10 Active Counters
 VC 0.105-0.015 
 SAPNRG 0.265-0.005 
 ALAM 0.165+0.01 
 HSI-C7J 0.145+0.01 
 PERDANA 0.495+0.065 
 GAMUDA-WE 0.40+0.055 
 DGB 0.1450.00 
 HSI-H8K 0.09-0.015 
 IBHD 0.26+0.005 
 ALAM-WA 0.065+0.005 


1. Leveraged & Inverse ETF CMS
Partners & Brokers