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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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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