KLSE Traders Update and Ideas

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


Daily Market Update - 16 May 2019 (GBGAQRS, COMFORT)

Author:   |    Publish date:

Dow Jones: 25,648.02 pts (+115.97pts, +0.45%)
U.S. stockmarkets extended their gains as the Dow rose 0.5% overnight on the easing global trade tension. The immediate support is located at 26,000.

FBM KLCI: 1,611.43 pts (+12.24pts, +0.77%)
The FBM KLCI (+0.8%) staged a sharp recovery, snapping a five-day losing streak yesterday amid the easing concern over Sino-U.S. trade dispute. The immediate support is located at 1,580.

Crude Palm Oil: RM2,045 (+RM12, +0.59%)
Crude palm oil prices trended higher for the third straight session after the Ringgit remain downbeat against the Greenback. The immediate resistance is located around RM2,100.

WTI Crude Oil: $62.02 (+$0.24, +0.39%)
Crude oil prices edged higher to remain in the consolidation band, lifted by shrinking U.S. gasoline supply. The immediate resistance is located at US$67.

Gold: $1,296.49 (-$0.43, -0.03%)
Gold prices retreated after the Greenback advanced against a basket of currencies. The immediate resistance is located around $1,300.

Economic Releases:
JP - Japan's Producer Price Index, 7.50AM
MY - Malaysia's 1Q2019 GDP Growth Rate, 12.00PM
JP - Japan's Industrial Production, 12.30PM

Technical Trading Stocks - 16 May 19 
Stock Name: GBGAQRS (5226)
Entry: Buy above RM1.33
Target: RM1.48 (11.3%), RM1.54 (15.8%)
Stop: RM1.24 (-6.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: COMFORT (2127)
Entry: Buy above RM0.87
Target: RM0.935 (7.5%), RM1.00 (14.9%)
Stop: RM0.815 (-6.3%)
Shariah: Yes
Technical: Monitor for trendline 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 
GBGAQRS 1.36 +0.01 (0.74%) 427,700 
COMFORT 0.79 0.00 (0.00%) 283,200 

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