Highlights

KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Mon, 21 Oct 2019, 5:14 PM

 

Daily Market Update - 20 Sept 2019 (HTPADU, HOMERIZ)

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Dow Jones: 27,094.79 pts (-52.29pts, -0.19%)
Wall Street endured a volatile trading session as the Dow (-0.2%) erased all its intraday gains, dragged down by the weakness in Walt Disney (-2.6%). The immediate resistance is located at 27,400.

FBM KLCI: 1,596.28 pts (-3.21pts, -0.20%)
The FBM KLCI (-0.2%) extended its losses after lingering in the negative territory for the entire trading session yesterday. The immediate support is located at 1,590.

Crude Palm Oil: RM2,245 (-RM15, -0.66%)
Crude palm oil prices erased all its intraday gains to extend its losses, taking cue from the weakness across other oil-related commodity prices. The immediate support is located around RM2,200.

WTI Crude Oil: $58.13 (+$0.02, +0.03%)
Crude oil prices finished marginally higher as Saudi Arabia's production restoration will be slower-than-expected. The immediate resistance is located at US$64.

Gold: $1,499.03 (+$5.03, +0.34%)
Gold prices rebounded after the U.S. Dollar retreated against a basket of currencies. The immediate support is located around $1,450.

Economic Releases:
JP - Japan's Inflation Rate, 7.30AM
 

M+ Online Technical Trading Stocks - 20Sep19

Stock Name: HTPADU (5028)
Entry: Buy above RM1.21
Target: RM1.33 (9.9%), RM1.44 (19.0%)
Stop: RM1.13 (-6.6%)
Shariah: Yes
Technical: Monitor for trendline breakout

Stock Name: HOMERIZ (5160)
Entry: Buy above RM0.645
Target: RM0.68 (5.4%), RM0.71 (10.1%)
Stop: RM0.615 (-4.7%)
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: HTPADU, HOMERIZ

Related Stocks

Chart Stock Name Last Change Volume 
HTPADU 1.14 0.00 (0.00%)
HOMERIZ 0.69 0.00 (0.00%)

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