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KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Thu, 18 Jul 2019, 8:59 AM

 

Daily Market Update - 17 Jun 2019 (OKA, GENM)

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Dow Jones: 26,089.61 pts (-17.16pts, -0.07%)
U.S. stockmarkets staged mild pullback as the Dow fell 0.1% as concern over global economic growth re-surfaced, coupled with the rising geopolitical tension at Middle East. The immediate resistance is located at 27,000.

FBM KLCI: 1,638.63 pts (-5.11pts, -0.31%)
The FBM KLCI (-0.3%) retreated for the fourth straight session alongside with the weakness across its regional peers on last Friday. The immediate resistance is located at 1,660.

Crude Palm Oil: RM2,018 (+RM3, +0.15%)
Crude palm oil prices managed to eke out mild gains, taking cue from the higher oil-related commodity prices. The immediate support is located around RM1,950.

WTI Crude Oil: $52.51 (+$0.23, +0.44%)
Crude oil prices extended its gains on expectation over Saudi Arabia and OPEC members will extend their production cut. The immediate resistance is located at US$55.

Gold: $1,341.70 (-$0.61, -0.05%)
Gold prices retreated after the Greenback appreciated against a basket of currencies. The immediate resistance is located around $1,350.

Technical Trading Stocks - 17 Jun 19 
Stock Name: OKA (7140)
Entry: Buy above RM0.65
Target: RM0.70 (7.7%), RM0.74 (13.8%)
Stop: RM0.62 (-4.6%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: GENM (4715)
Entry: Buy above RM3.23
Target: RM3.35 (3.7%), RM3.46 (7.1%)
Stop: RM3.13 (-3.1%)
Shariah: No
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: OKA, GENM

Related Stocks

Chart Stock Name Last Change Volume 
OKA 0.67 0.00 (0.00%) 29,300 
GENM 3.36 -0.02 (0.59%) 3,071,600 

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