KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 19 Jul 2019, 5:34 PM


Daily Market Update - 14 Jun 2019 (ADVCON, HSSEB)

Author:   |    Publish date:

Dow Jones: 26,106.77 pts (+101.94pts, +0.39%)
U.S. stockmarkets rebounded as the Dow (+0.4%) recovered all its previous session losses, led by gains in Walt Disney coupled with the higher crude oil prices. The immediate resistance is located at 27,000.

FBM KLCI: 1,643.74 pts (-7.00pts, -0.42%)
The FBM KLCI (-0.4%) recorded its third day losing streak, taking cue from the weakness on Wall Street overnight amid the lingering Sino-U.S. trade standoff. The immediate resistance is located at 1,670.

Crude Palm Oil: RM2,008 (+RM40, +2.03%)
Crude palm oil prices rebounded to claw its way above the RM2,000 psychological level in tandem with the recovery across other oil-commodities. The immediate support is located around RM1,950.

WTI Crude Oil: $52.28 (+$1.14, +2.22%)
Crude oil prices surged after two oil tankers were attacked in the Gulf of Oman. The immediate support is located at US$50.

Gold: $1,342.31 (+$8.73, +0.66%)
Gold prices extended its gains amid the renewed geopolitical tension in the Middle East. The immediate resistance is located around $1,350.

Economic Releases:
CN - China's Industrial Production, 10.00AM
CN - China's Retail Sales, 10.00AM
MY - Malaysia's Unemployment Rate, 12.00PM
JP - Japan's Industrial Production, 12.30PM
US - United States' Retail Sales, 8.30PM
US - United States' Industrial Production, 9.15PM
US - United States' Manufacturing Production, 9.15PM

Technical Trading Stocks - 14 Jun 19 
Stock Name: ADVCON (5281)
Entry: Buy above RM0.395
Target: RM0.425 (7.6%), RM0.44 (11.4%)
Stop: RM0.365 (-7.6%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: HSSEB (0185)
Entry: Buy above RM1.10
Target: RM1.19 (8.2%), RM1.23 (11.8%)
Stop: RM1.05 (-4.5%)
Shariah: Yes
Technical: 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 
ADVCON 0.40 0.00 (0.00%) 523,900 
HSSEB 1.18 0.00 (0.00%) 792,600 

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