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KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 22 Oct 2019, 5:22 PM

 

Daily Market Update - 23 Sept 2019 (ELSOFT, SUCCESS)

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Dow Jones: 26,935.07 pts (-159.72pts, -0.59%)
U.S. stockmarkets extended their losses as the Dow (-0.6%) reversed all its intraday gains amid the uncertainty surrounding the Sino-U.S. trade progress. The immediate resistance is located at 27,400.

FBM KLCI: 1,597.41 pts (+1.13pts, +0.07%)
The FBM KLCI (+0.1%) eked out mild gains, boosted by the eleventh hour buying support in selected index heavyweights last Friday as institutional investors re-balanced their portfolios. The immediate support is located at 1,590.

Crude Palm Oil: RM2,225 (-RM20, -0.89%)
Crude palm oil prices trended lower for the third straight session, dragged down by the slowing exports amid the firmer Ringgit against the Greenback. The immediate support is located around RM2,200.

WTI Crude Oil: $58.09 (-$0.04, -0.07%)
Crude oil prices ended on a flattish note, but marked its best weekly gain in 8 weeks rising 5.9% W.o.W. The immediate resistance is located at US$64.

Gold: $1,516.90 (+$17.87, +1.19%)
Gold prices extended its gains amid the renewed uncertainty surrounding the U.S>-China trade progress. The immediate resistance is located around $1,550.

M+ Online Technical Trading Stocks - 23Sep19

Stock Name: ELSOFT (0090)
Entry: Buy above RM0.905
Target: RM0.98 (8.3%), RM1.01 (11.6%)
Stop: RM0.88 (-2.8%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: SUCCESS (7207)
Entry: Buy above RM0.995
Target: RM1.05 (5.5%), RM1.12 (12.6%)
Stop: RM0.95 (-4.5%)
Shariah: Yes
Technical: Bullish engulfing candle

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: ELSOFT, SUCCESS

Related Stocks

Chart Stock Name Last Change Volume 
ELSOFT 1.01 -0.02 (1.94%) 9,763,900 
SUCCESS 0.995 +0.055 (5.85%) 2,833,500 

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