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KLSE Traders Update and Ideas

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

 

Daily Market Update - 10 Sept 2019 (TALIWRK, GTRONIC)

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Dow Jones: 26,835.51 pts (+38.05pts, +0.14%)
U.S. stockmarkets finished mixed overnight as the Dow (+0.1%) recorded its fourth straight session of advance, but the S&P 500 fell 0.01% after erasing all its intraday gains. The immediate resistance is located at 27,000.

FBM KLCI: 1,604.47 pts (+4.72pts, +0.30%)
The FBM KLCI (+0.3%) advanced to re-claim the 1,600 psychological level, boosted by gains in Petronas-related heavyweights. The immediate resistance is located at 1,620.

Crude Palm Oil: RM2,201 (+RM19, +0.87%)
Crude palm oil prices rebounded on shrinking domestic supply, coupled with the rising soybean oil prices. The immediate resistance is located around RM2,250.

WTI Crude Oil: $57.85 (+$1.33, +2.36%)
Crude oil prices trended higher amid the positive Sino-U.S. trade progress that could potentially boost demand. The immediate resistance is located at US$58.

Gold: $1,499.13 (-$7.69, -0.51%)
Gold prices extended its losses, forming a three black crow formation on expectations that major central bankers may trim their benchmark interest rates to spur economic growth. The immediate support is located around $1,450.

Economic Releases:
CN - China's Inflation Rate, 9.30AM
CN - China's Producer Price Index, 9.30AM

M+ Online Technical Trading Stocks - 10Sep19

Stock Name: TALIWRK (8524)
Entry: Buy above RM0.925
Target: RM0.975 (5.4%), RM0.99 (7.0%)
Stop: RM0.89 (-3.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: GTRONIC (7022)
Entry: Buy above RM1.76
Target: RM1.86 (5.7%), RM1.96 (11.4%)
Stop: RM1.67 (-5.1%)
Shariah: Yes
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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Labels: TALIWRK, GTRONIC

Related Stocks

Chart Stock Name Last Change Volume 
TALIWRK 0.905 +0.01 (1.12%) 493,700 
GTRONIC 2.09 -0.01 (0.48%) 750,100 

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