KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 13 Dec 2019, 5:11 PM


Daily Market Update - 3 Oct 2019 (KGB, GDB)

Author:   |    Publish date:

Dow Jones: 26,078.62 pts (-494.42pts, -1.86%)
U.S. stockmarkets endured another round of selldown as the Dow sank 1.9% on the lingering concern over the unexpectedly weak U.S. economic data. The immediate support is located at 25,300.

FBM KLCI: 1,574.90 pts (-14.54pts, -0.91%)
The FBM KLCI (-0.7%) was hammered down alongside with its regional peers yesterday, spooked by unexpectedly weak U.S. economic data The immediate support is located at 1,570.

Crude Palm Oil: RM2,141 (-RM26, -1.20%)
Crude palm oil prices retreated in tandem with the weakness in soybean prices amid the gloomy demand outlook. The immediate support is located around RM2,100.

WTI Crude Oil: $52.64 (-$0.98, -1.83%)
Crude oil prices trended lower for the seventh consecutive session on the rising U.S. inventory level. The immediate support is located at US$50.

Gold: $1,499.45 (+$20.31, +1.37%)
Gold prices extended its gains, boosted by the rising demand in safe haven assets amid the renewed volatility in global markets. The immediate resistance is located around $1,550.

Economic Releases:
JP - Japan's Jibun Bank Services PMI, 8.30AM
JP - Japan's Jibun Bank Composite PMI, 8.30AM
EU - Eurozone's Markit Services PMI, 4.00PM
EU - Eurozone's Markit Composite PMI, 4.00PM
EU - Eurozone's Retail Sales, 5.00PM
EU - Eurozone's Producer Price Index, 5.00PM
US - United States' Markit Services PMI, 9.45PM
US - United States' Markit Composite PMI, 9.45PM
US - United States' ISM Non-Manufacturing PMI, 10.00PM

M+ Online Technical Trading Stocks - 3 Oct 19

Stock Name: KGB (0151)
Entry: Buy above RM1.33
Target: RM1.38 (3.8%), RM1.41 (6.0%)
Stop: RM1.29 (-3.0%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: GDB (0198)
Entry: Buy above RM0.33
Target: RM0.355 (7.6%), RM0.37 (12.1%)
Stop: RM0.315 (-4.5%)
Shariah: Yes
Technical: Breakout-pullback-continuation

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: KGB, GDB

Related Stocks

Chart Stock Name Last Change Volume 
KGB 1.26 -0.04 (3.08%) 1,668,800 
GDB 0.525 +0.05 (10.53%) 27,549,400 

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