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KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 12 Nov 2019, 5:25 PM

 

Daily Market Update - 17 Oct 2019 (VS, VIZIONE)

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Dow Jones: 27,001.98 pts (-22.82pts, -0.08%)
U.S. stockmarkets staged a mild pullback as the Dow fell 0.1%, bogged down by the sluggish retail sales data that unexpectedly fell 0.3% Y.o.Y in September 2019. The immediate resistance is located at 27,300.

FBM KLCI: 1,574.90 pts (+8.67pts, +0.55%)
The FBM KLCI (+0.6%) rebounded yesterday, taking cue from the positive sentiment on Wall Street overnight as investor continue to bargain hunt recent beaten down stocks. The immediate resistance is located at 1,580.

Crude Palm Oil: RM2,252 (+RM38, +1.72%)
Crude palm oil prices extended its gains amid the stronger crude oil prices, coupled with the weaker Ringgit against the U.S. Dollar. The immediate resistance is located around RM2,300.

WTI Crude Oil: $53.36 (+$0.55, +1.03%)
Crude oil prices rebounded on expectations that OPEC may extend their production cut beyond 2019. The immediate support is located at US$51.

Gold: $1,490.13 (+$9.12, +0.62%)
Gold prices advanced amid the weaker-than-expected U.S. retail sales data, coupled with uncertainty surrounding the looming Brexit deadline. The immediate support is located around $1,450.

Economic Releases:
US - United States' Manufacturing Production, 9.15PM
US - United States' Industrial Production, 9.15PM

M+ Online Technical Trading Stocks - 17 Oct 19

Stock Name: VS (6963)
Entry: Buy above RM1.31
Target: RM1.39 (6.1%), RM1.49 (13.7%)
Stop: RM1.25 (-4.6%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: VIZIONE (7070)
Entry: Buy above RM0.92
Target: RM0.995 (8.2%), RM1.04 (13.0%)
Stop: RM0.87 (-5.4%)
Shariah: Yes
Technical: Resistance 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: VS, VIZIONE

Related Stocks

Chart Stock Name Last Change Volume 
VS 1.34 +0.01 (0.75%) 3,365,800 
VIZIONE 0.83 0.00 (0.00%) 709,600 

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