KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 6 Dec 2019, 5:21 PM


Daily Market Update - 19 Nov 2019 (LIIHEN, ADVCON)

Author:   |    Publish date:

Dow Jones: 28,036.22 pts (+31.33pts, +0.11%)
U.S. stockmarkets ended higher as the Dow (+0.1%) finished at another record high level amid the mixed signal from the U.S.-China trade progress. The immediate resistance is located at 28,500.

FBM KLCI: 1,604.36 pts (+9.61pts, +0.60%)
The FBM KLCI (+0.6%) extended its' gains, boosted by the eleventh hour buying support in selected index heavyweights as the key index closed above the 1,600 psychological level yesterday. The immediate resistance is located at 1,620.

Crude Palm Oil: RM2,597 (-RM10, -0.38%)
Crude palm oil prices edged lower after erasing all its' intraday gains as profit taking activities took precedence. The immediate resistance is located around RM2,650.

WTI Crude Oil: $57.05 (-$0.67, -1.16%)
Crude oil prices formed a bearish candle to wipe out almost all its' previous sesion gains after the Energy Information Administration reported that production may hit record high in December 2019. The immediate resistance is located at US$58.

Gold: $1,471.51 (+$3.30, +0.22%)
Gold prices rebounded after recovering all its' intraday losses amid the fresh uncertainty over U.S.-China trade talks. The immediate resistance is located around $1,500.

M+ Online Technical Trading Stocks - 19 Nov 19

Stock Name: LIIHEN (0001)
Entry: Buy above RM3.06
Target: RM3.19 (4.2%), RM3.31 (8.2%)
Stop: RM2.99 (-2.3%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: ADVCON (5281)
Entry: Buy above RM0.415
Target: RM0.44 (6.0%), RM0.455 (9.6%)
Stop: RM0.39 (-6.0%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online



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Related Stocks

Chart Stock Name Last Change Volume 
LIIHEN 3.21 -0.01 (0.31%) 149,300 
ADVCON 0.395 +0.005 (1.28%) 93,000 

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