KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Mon, 25 Oct 2021, 5:52 PM


Daily Market Update - 20 Sept 2021

Author:   |    Publish date:

M+ Online Morning Market Buzz - 20Sep21

Dow Jones: 34,584.88 pts (-166.44pts, -0.48%)
⬆ Resistance:  35700
⬇ Support:  33900

FBM KLCI: 1,548.51 pts (-6.75pts, -0.43%)
⬆ Resistance:  1610
⬇ Support:  1520

HSI Index: 24,920.76 pts (+252.91pts, +1.03%)
⬆ Resistance:  26500
⬇ Support:  24000

Crude Palm Oil: RM4,261 (-RM68, -1.57%)
⬆ Resistance:  4540
⬇ Support:  4110

Brent Oil: $75.34 (-$0.33, -0.44%)
⬆ Resistance:  77.70
⬇ Support:  71.30

Gold: $1,754.34 (+$0.57, +0.03%)
⬆ Resistance:  1850
⬇ Support:  1720

M+ Online Technical Focus - 20Sep21
V.S. Industry Bhd: Another record breaking year

Trading Catalyst
• One of the leading integrated Electronics Manufacturing Services (EMS) providers in the region, supported by multinational customers from Europe, Japan and US.
• Newly built 413,682-sqf production plant at i-Park Senai Airport City will cater for several new product models.
• Compelling prospects, riding onto the increasing adoption of emerging technologies in the Industrial Internet of Things (IIoT) and enhanced communication posed by 5G.
• Technically, price has experienced a short-term breakout above RM1.47, targeting the next resistances at RM1.55-1.60 with long term target at RM1.75.

Technical View

(i) VS (S: RM1.38, R: RM1.55-1.60, LT TP: RM1.75, CL: RM1.37)

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


Economic Releases For The Week (20/9/2021-24/9/2021):

JP - Japan's Bank of Japan's Interest Rate Decision, 11.00AM
US - United States' Existing Home Sales, 10.00PM

US - United States' Federal Reserve Interest Rate Decision, 2.00AM
UK - United Kingdom's Bank of England's Quantitative Easing, 7.00PM
UK - United Kingdom's Bank of England's Interest Rate Decision, 7.00PM

JP - Japan's Inflation Rate, 7.30AM
MY - Malaysia's Inflation Rate, 12.00PM
US - United States' New Home Sales, 10.00PM

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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