KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Wed, 20 Nov 2019, 5:18 PM


Daily Market Update - 25 Jun 2019 (G3, KIMLUN)

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Dow Jones: 26,727.54 pts (+8.41pts, +0.03%)
U.S. stockmarkets ended on a mixed on as the Dow rose 0.03%, but the S&P 500 fell 0.2% on fresh sanctions against Iran. The immediate resistance is located at 27,000.

FBM KLCI: 1,676.13 pts (-6.10pts, -0.36%)
The FBM KLCI (-0.4%) snapped a four-day rally due to profit taking activities as investors kept an eye on trade developments ahead of the G-20 summit meeting. The immediate resistance is located at 1,700.

Crude Palm Oil: RM1,998 (-RM24, -1.19%)
Crude palm oil prices extended its losses, dragged down by concern increasing price competition from Indonesia. The immediate support is located around RM1,950.

WTI Crude Oil: $57.90 (+$0.47, +0.82%)
Crude oil prices trended higher for the third straight session as investors anticipate OPEC and its allies will extend production cut in 2H2019 in the upcoming meeting. The immediate resistance is located at US$60.

Gold: $1,419.72 (+$20.09, +1.44%)
Gold prices registered its fifth consecutive session of advance, boosted by the weaker U.S. Dollar, coupled with the growing geopolitical tension in Iran. The immediate resistance is located around $1,400.

Economic Releases:
US - United States' New Home Sales, 10.00PM

Technical Trading Stocks - 25 Jun 19 
Stock Name: G3 (7184)
Entry: Buy above RM1.37
Target: RM1.50 (9.5%), RM1.62 (18.2%)
Stop: RM1.30 (-5.1%)
Shariah: No
Technical: Breakout-pullback-continuation

Stock Name: KIMLUN (5171)
Entry: Buy above RM1.41
Target: RM1.49 (5.7%), RM1.58 (12.1%)
Stop: RM1.36 (-3.5%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online



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Labels: G3, KIMLUN

Related Stocks

Chart Stock Name Last Change Volume 
G3 2.66 -0.20 (6.99%) 855,100 
KIMLUN 1.30 0.00 (0.00%)

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