KLSE Traders Update and Ideas

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


Daily Market Update - 23 Dec 2019 (IJM, IFCAMSC)

Author:   |    Publish date:

Dow Jones: 28,455.09 pts (+78.13pts, +0.28%)
U.S. stockmarkets closed at  another fresh record high level as the Dow gained 0.3% after the final reading of 3Q2019 GDP came unchanged at +2.1% Y.o.Y. The immediate resistance is located at 28,500.

FBM KLCI: 1,610.18 pts (+14.17pts, +0.89%)
Window dressing activities continue to spur the FBM KLCI (+0.9%) as the key index finished at its's highest level in four months. The immediate resistance is located at 1,620.

Crude Palm Oil: RM2,912 (+RM38, +1.32%)
Crude palm oil prices advanced to close at fresh three-year high, mirroring the rally in soybean oil prices. The immediate resistance is located around RM2,950.

WTI Crude Oil: $60.44 (-$0.74, -1.21%)
Crude oil prices retreated on the back of higher U.S. weekly rig count. The immediate resistance is located at US$64.

Gold: $1,481.64 (+$3.40, +0.23%)
Gold prices rose, but formed a shooting star candle as gains were capped by the stronger Greenback against a basket of currencies. The immediate resistance is located around $1,500.

Economic Releases:
US - United States' New Home Sales, 11.00PM

M+ Online Technical Trading Stocks - 23 Dec 19

Stock Name: IJM (3336)
Entry: Buy above RM2.22
Target: RM2.37 (6.8%), RM2.51 (13.1%)
Stop: RM2.11 (-5.0%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: IFCAMSC (0023)
Entry: Buy above RM0.485
Target: RM0.54 (11.3%), RM0.57 (17.5%)
Stop: RM0.45 (-7.2%)
Shariah: No
Technical: Resistance 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 
IJM 1.34 -0.04 (2.90%) 20,400,900 
IFCAMSC 0.34 -0.02 (5.56%) 6,569,500 

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