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KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 6 Dec 2019, 5:21 PM

 

Daily Market Update - 12 Apr 2019 (SERBADK, ECOWLD)

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Dow Jones: 26,143.05 pts (-14.11pts, -0.05%)
U.S. stockmarkets retreated after enduring a volatile trading session as the Dow fell 0.1% ahead of the 1Q2019 corporate earnings reporting season. The immediate resistance is located at 27,000.

FBM KLCI: 1,624.23 pts (-15.23pts, -0.93%)
The FBM KLCI (-0.9%) trended lower for the third straight session in tandem with the mostly negative performance across the Asia region. The immediate support is located at 1,600.

Crude Palm Oil: RM2,154 (-RM16, -0.74%)
Crude palm oil prices extended its losses amid the tepid demand outlook, coupled with the lower soybean oil prices. The immediate support is located around RM2,100.

WTI Crude Oil: $63.58 (-$1.03, -1.60%)
Crude oil prices erased all its previous session gains, dragged down by the rising U.S. supply, coupled with the weakening demand outlook. The immediate resistance is located at US$67.

Gold: $1,292.51 (-$15.48, -1.18%)
Gold prices formed a bearish candle, wiping almost all its previous three session gains amid the stronger U.S. Dollar arising from the solid producer price index and jobs data. The immediate resistance is located around $1,350.

Economic Releases:
MY - Malaysia's Unemployment Rate, 12.00PM
EU - Eurozone's Industrial Production, 5.00PM

Technical Trading Stocks - 12 Apr 19 
Stock Name: SERBADK (5279)
Entry: Buy above RM3.85
Target: RM3.96 (2.9%), RM4.03 (4.7%)
Stop: RM3.77 (-2.1%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: ECOWLD (8206)
Entry: Buy above RM0.95
Target: RM1.01 (6.3%), RM1.05 (10.5%)
Stop: RM0.905 (-4.7%)
Shariah: Yes
Technical: Monitor for 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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Labels: SERBADK, ECOWLD

Related Stocks

Chart Stock Name Last Change Volume 
SERBADK 2.05 0.00 (0.00%)
ECOWLD 0.645 0.00 (0.00%)

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