KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Thu, 21 Nov 2019, 5:20 PM


Daily Market Update - 24 Sept 2019 (RANHILL, BJTOTO)

Author:   |    Publish date:

Dow Jones: 26,949.99 pts (+14.92pts, +0.06%)
U.S. stockmarkets ended on a mixed note with the Dow rising 0.1%, but the S&P 500 fell 0.01% as investors turned cautious ahead of the U.S.-China trade negotiations. The immediate resistance is located at 27,400.

FBM KLCI: 1,592.93 pts (-4.48pts, -0.28%)
The FBM KLCI (-0.3%) started off the week on a dour note alongside with the weakness across its regional peers yesterday. The immediate support is located at 1,590.

Crude Palm Oil: RM2,189 (-RM36, -1.62%)
Crude palm oil prices recorded its fourth straight session of decline, mirroring the weakness in soybean oil prices. The immediate support is located around RM2,150.

WTI Crude Oil: $58.64 (+$0.55, +0.94%)
Crude oil prices edged higher on the lingering supply concern, despite Saudi Arabia has restored about 75% of its production. The immediate resistance is located at US$60.

Gold: $1,522.24 (+$5.34, +0.35%)
Gold prices march higher for the third straight session, boosted by the sluggish economic data in Germany and France. The immediate resistance is located around $1,550.

M+ Online Technical Trading Stocks - 24Sep19

Stock Name: RANHILL (5272)
Entry: Buy above RM1.29
Target: RM1.38 (7.0%), RM1.42 (10.1%)
Stop: RM1.21 (-6.2%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: BJTOTO (1562)
Entry: Buy above RM2.70
Target: RM2.78 (3.0%), RM2.82 (4.4%)
Stop: RM2.64 (-2.2%)
Shariah: No
Technical: Monitor for trendline 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 
RANHILL 1.15 0.00 (0.00%) 140,200 
BJTOTO 2.61 -0.01 (0.38%) 443,400 

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