KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 10 Dec 2019, 5:12 PM


Daily Market Update - 30 Aug 2019 (CARIMIN, INSAS)

Author:   |    Publish date:

Dow Jones: 26,362.25 pts (+326.15pts, +1.25%)
U.S. stockmarkets extended their gains overnight as the Dow rose 1.3%, boosted by optimism over Sino-U.S. trade progress after China reportedly will no retaliate against the latest round of tariffs. The immediate resistance is located at 26,700.

FBM KLCI: 1,595.18 pts (+5.36pts, +0.34%)
The FBM KLCI (+0.3%) halted a three-day losing streak, taking cue from the positive performance on Wall Street overnight. The immediate resistance is located at 1,610.

Crude Palm Oil: RM2,221 (-RM32, -1.42%)
Crude palm oil prices retreated, taking cue from the lower soybean oil prices. The immediate support is located around RM2,200.

WTI Crude Oil: $56.71 (+$0.93, +1.66%)
Crude oil prices trended higher for the third straight session, boosted by optimism over U.S.-China trade progress. The immediate resistance is located at US$58.

Gold: $1,527.63 (-$11.38, -0.74%)
Gold prices extended its losses as investors opted for riskier assets. The immediate resistance is located around $1,550.

Economic Releases:
JP - Japan's Unemployment Rate, 7.30AM
JP - Japan's Retail Sales, 7.50AM
EU - Eurozone's Unemployment Rate, 5.00PM

Technical Trading Stocks - 30 Aug 19 
Stock Name: CARIMIN (5257)
Entry: Buy above RM0.94
Target: RM1.01 (7.4%), RM1.09 (16.0%)
Stop: RM0.87 (-7.4%)
Shariah: Yes
Technical: Resistance breakout

Stock Name: INSAS (3379)
Entry: Buy above RM0.795
Target: RM0.83 (4.4%), RM0.86 (8.2%)
Stop: RM0.77 (-3.1%)
Shariah: No
Technical: Consolidation 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 
CARIMIN 1.18 +0.02 (1.72%) 7,565,400 
INSAS 0.85 -0.005 (0.58%) 1,374,000 

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