KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Thu, 14 Nov 2019, 5:22 PM


Daily Market Update - 18 Oct 2019 (SCOMNET, HANDAL)

Author:   |    Publish date:

Dow Jones: 27,025.88 pts (+23.90pts, +0.09%)
U.S. stockmarkets registered mild gains as the Dow (+0.1%) advanced to maintain above the 27,000 psychological level after U.K. and the European Union has finally strike a Brexit deal. The immediate resistance is located at 27,300.

FBM KLCI: 1,574.50 pts (-0.40pts, -0.03%)
The FBM KLCI (-0.03%) retreated in line with the mostly negative performance across its regional peers on profit taking activities in selected index heavyweights. The immediate resistance is located at 1,580.

Crude Palm Oil: RM2,259 (+RM7, +0.31%)
Crude palm oil prices trended higher for the third straight session, taking cue from the rally in soybean oil prices overnight. The immediate resistance is located around RM2,300.

WTI Crude Oil: $53.93 (+$0.57, +1.07%)
Crude oil prices extended its gains after the Energy Information Administration reported a larger-than-expected decline in American gasoline and distillate supplies. The immediate resistance is located at US$58.

Gold: $1,491.87 (+$1.74, +0.12%)
Gold prices advanced for the second day after the Greenback retreated against a basket of currencies. The immediate support is located around $1,450.

Economic Releases:
JP - Japan's Inflation Rate, 7.30AM
CN - China's 3Q2019 GDP Growth Rate, 10.00AM
CN - China's Industrial Production, 10.00AM
CN - China's Retail Sales, 10.00AM
UK - United Kingdom's Retail Sales, 4.30PM

M+ Online Technical Trading Stocks - 18 Oct 19

Stock Name: SCOMNET (0001)
Entry: Buy above RM0.87
Target: RM0.945 (8.6%), RM0.975 (12.1%)
Stop: RM0.82 (-5.7%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Stock Name: HANDAL (7253)
Entry: Buy above RM0.38
Target: RM0.41 (7.9%), RM0.435 (14.5%)
Stop: RM0.35 (-7.9%)
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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Related Stocks

Chart Stock Name Last Change Volume 
SCOMNET 0.83 0.00 (0.00%) 178,500 
HANDAL 0.375 +0.01 (2.74%) 210,500 

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