KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 22 Oct 2021, 5:53 PM


Daily Market Update - 17 Sept 2021

Author:   |    Publish date:

M+ Online Morning Market Buzz - 17Sep21

Dow Jones: 34,751.32 pts (-63.07pts, -0.18%)
⬆ Resistance:  35900
⬇ Support:  33900

FBM KLCI: 1,555.26 pts (-0.25pts, -0.02%)
⬆ Resistance:  1620
⬇ Support:  1520

HSI Index: 24,667.85 pts (-365.36pts, -1.46%)
⬆ Resistance:  26800
⬇ Support:  24100

Crude Palm Oil: RM4,329 (+RM94, +2.22%)
⬆ Resistance:  4540
⬇ Support:  4170

Brent Oil: $75.67 (+$0.21, +0.28%)
⬆ Resistance:  77.70
⬇ Support:  69.60

Gold: $1,753.77 (-$40.29, -2.25%)
⬆ Resistance:  1850
⬇ Support:  1720

M+ Online Technical Focus - 17Sep21
Harbour-Link Group Bhd: Capitalising on the trade boom

Trading Catalyst
• An integrated logistics services provider, shipping and engages in construction works, heavy lifting and haulage as well as property development with established footprint extends across the Intra-Asia region.
• Capitalising on the increasing charter and freight rates that was stemmed by the global supply chain disruption following the shortage of vessels, coupled with the improving trade activities. 
• Current price is trading at a discount to its book value per share of RM1.12 which was recorded in 3QFY21.
• Technically, traders may anticipate for a short-term breakout above RM1.01, to target next resistances at RM1.06-1.13 with long term target set at RM1.20.

Technical View

(i) HARBOUR (S: RM0.975, R: RM1.06-1.13, LT TP: RM1.20, CL: RM0.97)

S: Support, R: Resistance, LT TP: Long term target price, CL: Cut loss

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 
HARBOUR 1.49 +0.02 (1.36%) 715,100 

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