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KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 18 Jun 2019, 6:14 PM

 

Daily Market Update - 15 May 2019 (EKOVEST, HSSEB)

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Dow Jones: 25,532.05 pts (+207.06pts, +0.82%)
U.S. stockmarkets rebounded as the Dow gained 0.8% on optimism that a potential trade deal between U.S. and China are still on the cards. The immediate support is located at 25,200.

FBM KLCI: 1,599.19 pts (-1.90pts, -0.12%)
The FBM KLCI (-0.1%) recorded its fifth straight session of decline in line with the mostly negative performance across its regional peers yesterday. The immediate support is located at 1,580.

Crude Palm Oil: RM2,014 (+RM29, +1.46%)
Crude palm oil prices extended its gains after the Ringgit weakened against the Greenback towards its lowest level in December 2018. The immediate support is located around RM1,940.

WTI Crude Oil: $61.78 (+$0.74, +1.20%)
"Crude oil prices rebounded on renewed supply disruption following an explosive-laden drones launched by a Yemeni-armed movement aligned to Iran at Saudi Aramco's production facilities. The immediate resistance is located at US$67."

Gold: $1,296.92 (-$2.99, -0.23%)
Gold prices snapped a three-day winning streak as the Sino-U.S. trade tension dialled down. The immediate resistance is located around $1,300.

Economic Releases:
CN - China's Retail Sales, 10.00AM
CN - China's Industrial Production, 10.00AM
US - United States' Retail Sales, 8.30PM
US - United States' Industrial Production, 9.15PM
US - United States' Manufacturing Production, 9.15PM

Technical Trading Stocks - 15 May 19 
Stock Name: EKOVEST (8877)
Entry: Buy above RM0.885
Target: RM0.97 (9.6%), RM1.04 (17.5%)
Stop: RM0.82 (-7.3%)
Shariah: Yes
Technical: Monitor for trendline breakout

Stock Name: HSSEB (0185)
Entry: Buy above RM1.06
Target: RM1.19 (12.3%), RM1.29 (21.7%)
Stop: RM0.985 (-7.1%)
Shariah: Yes
Technical: Bullish engulfing candle

Source: Bloomberg, M+ Online

 

Disclaimer

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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Labels: EKOVEST, HSSEB

Related Stocks

Chart Stock Name Last Change Volume 
EKOVEST 0.84 +0.005 (0.60%) 34,750,600 
HSSEB 1.11 -0.01 (0.89%) 86,500 

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