Highlights

KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Wed, 21 Aug 2019, 8:39 AM

 

Daily Market Update - 17 Jul 2019 (KKB, CCK)

Author:   |    Publish date:


Dow Jones: 27,335.63 pts (-23.53pts, -0.09%)
U.S. stockmarkets retreated from their all-time high levels as the Dow fell 0.1% after U.S. President Donald Trump re-iterated that the trade dispute with China remains unresolved, potentially bringing new tariffs over the near future. The immediate resistance is located at 27,500.

FBM KLCI: 1,668.94 pts (-3.43pts, -0.21%)
The FBM KCLI (-0.2%) erased all its previous session gains alongside with the mostly negative sentiment across its regional peers yesterday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM1,981 (-RM7, -0.35%)
Crude palm oil prices retreated, tracking the weakness across other oil-related commodities. The immediate support is located around RM1,920.

WTI Crude Oil: $57.62 (-$1.96, -3.29%)
Crude oil prices extended its losses as geopolitical tension in Iran dwindled. The immediate support is located at US$55.

Gold: $1,406.23 (-$7.90, -0.56%)
Gold prices extended its losses after the Greenback advanced against a basket of currencies. The immediate resistance is located around $1,450.

Economic Releases:
UK - United Kingdom's Inflation Rate, 4.30PM
EU - Eurozone's Inflation Rate, 5.00PM

Technical Trading Stocks - 17 Jul 19 
Stock Name: KKB (9466)
Entry: Buy above RM1.34
Target: RM1.46 (9.0%), RM1.50 (11.9%)
Stop: RM1.25 (-6.7%)
Shariah: Yes
Technical: Resistance breakout

Stock Name: CCK (7035)
Entry: Buy above RM0.54
Target: RM0.585 (8.3%), RM0.625 (15.7%)
Stop: RM0.505 (-6.5%)
Shariah: Yes
Technical: Breakout-pullback-continuation

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: KKB, CCK

Related Stocks

Chart Stock Name Last Change Volume 
KKB 1.46 0.00 (0.00%)
CCK 0.48 0.00 (0.00%)

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