KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 15 Nov 2019, 5:38 PM


Daily Market Update - 26 Apr 2019 (CHINWEL, JHM)

Author:   |    Publish date:

Dow Jones: 26,462.08 pts (-134.97pts, -0.51%)
U.S. stockmarkets trended lower as the Dow extended its losses by 0.5% overnight, dragged down by the disappointing corporate earnings from 3M Co. (-13.0%) that offset the rally in technology stocks. The immediate resistance is located at 27,000.

FBM KLCI: 1,635.68 pts (-2.33pts, -0.14%)
The FBM KLCI (-0.1%) retreated in line with the mostly negative performance across its regional peers yesterday. The immediate resistance is located at 1,645.

Crude Palm Oil: RM2,157 (-RM13, -0.60%)
Crude palm oil prices edged lower to three weeks low, taking cue from the weakness on soybean oil prices. The immediate support is located around RM2,100.

WTI Crude Oil: $65.21 (-$0.68, -1.03%)
Crude oil prices extended its losses on concern over rising global inventory level. The immediate resistance is located at US$67.

Gold: $1,277.17 (+$1.41, +0.11%)
Gold prices extended its gains on renewed volatility in global equities. The immediate support is located around $1,250.

Technical Trading Stocks - 26 Apr 19 
Stock Name: CHINWEL (5007)
Entry: Buy above RM1.84
Target: RM1.94 (5.4%), RM2.00 (8.7%)
Stop: RM1.77 (-3.8%)
Shariah: Yes
Technical: Trendline breakout

Stock Name: JHM (0127)
Entry: Buy above RM1.37
Target: RM1.45 (5.8%), RM1.53 (11.7%)
Stop: RM1.30 (-5.1%)
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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Related Stocks

Chart Stock Name Last Change Volume 
CHINWEL 1.58 -0.04 (2.47%) 190,700 
JHM 1.41 0.00 (0.00%) 3,484,700 

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