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KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Thu, 19 Sep 2019, 8:58 AM

 

Daily Market Update - 10 Jun 2019 (BAHVEST, MYEG)

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Dow Jones: 25,983.94 pts (+263.28pts, +1.02%)
U.S. stockmarkets extended their gains the Dow (+1.0%) trended higher for the fifth straight session  after the disappointing jobs data reinforced the U.S. Federal Reserve signal to cut benchmark interest rates. The immediate resistance is located at 27,000.

FBM KLCI: 1,649.33 pts (+5.24pts, +0.32%)
The FBM KLCI (+0.3%) advanced in tandem with the positive sentiment across its regional peers on last Friday. The immediate resistance is located at 1,670.

Crude Palm Oil: RM2,028 (-RM28, -1.36%)
Crude palm oil prices formed a bearish engulfing candle to wipe out all its previous session gains, after the Ringgit advanced against the Greenback. The immediate support is located around RM2,000.

WTI Crude Oil: $53.99 (+$1.40, +2.69%)
Crude oil prices extended its gains after OPEC members signal their pledge to extend production cut. The immediate support is located at US$50.

Gold: $1,340.86 (+$5.53, +0.41%)
Gold prices march higher for the eighth straight session after the Greenback retreated against a basket of currencies. The immediate resistance is located around $1,350.

Economic Releases:
JP - Japan's 1Q2018 GDP Growth Rate, 7.50AM
UK - United Kingdom's Industrial Production, 4.30PM
UK - United Kingdom's Manufacturing Production, 4.30PM

Technical Trading Stocks - 10 Jun 19 
Stock Name: BAHVEST (0098)
Entry: Buy above RM0.65
Target: RM0.705 (8.5%), RM0.74 (13.8%)
Stop: RM0.615 (-5.4%)
Shariah: Yes
Technical: Monitor for trendline breakout

Stock Name: MYEG (0138)
Entry: Buy above RM1.44
Target: RM1.53 (6.3%), RM1.60 (11.1%)
Stop: RM1.37 (-4.9%)
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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Labels: BAHVEST, MYEG

Related Stocks

Chart Stock Name Last Change Volume 
BAHVEST 0.51 -0.005 (0.97%) 3,008,100 
MYEG 1.44 -0.02 (1.37%) 4,931,500 

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