KLSE Traders Update and Ideas

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


Daily Market Update - 21 Oct 2019 (CYPARK, KGB)

Author:   |    Publish date:

Dow Jones: 26,770.20 pts (-255.68pts, -0.95%)
U.S. stockmarkets trended lower as the Dow slipped 1.0%, dragged down by Boeing (-6.8%) on the investigation pertaining to the 737 Max safety issues. The immediate resistance is located at 27,300.

FBM KLCI: 1,571.15 pts (-3.35pts, -0.21%)
The FBM KLCI (-0.2%) extended its losses after erasing all its' intraday gains, spooked by the downbeat China's 3Q2019 GDP data. The immediate resistance is located at 1,580.

Crude Palm Oil: RM2,287 (+RM28, +1.24%)
Crude palm oil prices powered higher for the fourth straight session, boosted by expectations over rising biofuel demand, coupled with the strong buying momentum from India ahead of the festive season. The immediate resistance is located around RM2,300.

WTI Crude Oil: $53.78 (-$0.15, -0.28%)
Crude oil prices retreated, dragged down by the slowdown in Chinese economic data that could potentially dent demand. The immediate resistance is located at US$58.

Gold: $1,490.05 (-$1.82, -0.12%)
Gold prices finished mildly lower to remain in the consolidation band amid the stronger US Dollar against a basket of currencies. The immediate support is located around $1,450.

M+ Online Technical Trading Stocks - 21 Oct 19

Stock Name: CYPARK (5184)
Entry: Buy above RM1.41
Target: RM1.50 (6.4%), RM1.57 (11.3%)
Stop: RM1.36 (-3.5%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: KGB (0151)
Entry: Buy above RM1.34
Target: RM1.41 (5.2%), RM1.45 (8.2%)
Stop: RM1.29 (-3.7%)
Shariah: Yes
Technical: Consolidation breakout

Source: Bloomberg, M+ Online



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Related Stocks

Chart Stock Name Last Change Volume 
CYPARK 1.33 -0.02 (1.48%) 621,700 
KGB 1.42 0.00 (0.00%) 43,400 

  Be the first to like this.
moneykj This week go for Kanger. Just breakout from consolidation. This week TP 0.10.
21/10/2019 10:13 AM


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