KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 10 Dec 2019, 9:09 AM


Daily Market Update - 15 Nov 2019 (DSONIC, CAB)

Author:   |    Publish date:

Dow Jones: 27,781.96 pts (-1.63pts, -0.01%)
U.S. stockmarkets finished on a mixed note as the Dow fell 0.01% despite recovering most of its' intraday losses, while the S&P 500 gained 0.1%, boosted by real estate sector (+0.8%). The immediate resistance is located at 28,000.

FBM KLCI: 1,593.55 pts (-3.67pts, -0.23%)
The FBM KLCI (-0.2%) extended its losses in line with the mostly weaker regional markets, coupled with the falling Ringgit against the Greenback. The immediate resistance is located at 1,620.

Crude Palm Oil: RM2,606 (+RM20, +0.77%)
Crude palm oil prices recovered all its intraday losses, taking cue from the higher soybean oil prices, coupled with the weaker Ringgit against the Greenback. The immediate resistance is located around RM2,650.

WTI Crude Oil: $56.77 (-$0.35, -0.61%)
Crude oil prices retreated amid the rising U.S. inventory level, coupled with OPEC's forecast of surplus for 2020. The immediate resistance is located at US$58.

Gold: $1,471.40 (+$7.82, +0.53%)
Gold prices trended higher for the third straight session as both U.S. and China looks to step in to end the escalating political tension at Hong Kong. The immediate resistance is located around $1,500.

Economic Releases:
MY - Malaysia's 3Q2019 GDP Growth Rate, 12.00PM
JP - Japan's Industrial Production, 12.30PM
UK - United Kingdom's Retail Sales, 5.30PM
EU - Eurozone's Inflation Rate, 6.00PM
US - United States' Retail Sales, 9.30PM
US - United States' Manufacturing Production, 10.15PM
US - United States' Industrial Production, 10.15PM

M+ Online Technical Trading Stocks - 15 Nov 19

Stock Name: DSONIC (5216)
Entry: Buy above RM1.06
Target: RM1.14 (7.5%), RM1.18 (11.3%)
Stop: RM1.00 (-5.7%)
Shariah: Yes
Technical: Bullish harami candle

Stock Name: CAB (7174)
Entry: Buy above RM0.485
Target: RM0.53 (9.3%), RM0.545 (12.4%)
Stop: RM0.47 (-3.1%)
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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Related Stocks

Chart Stock Name Last Change Volume 
DSONIC 1.16 +0.04 (3.57%) 18,246,000 
CAB 0.41 -0.02 (4.65%) 826,300 

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