TheBursaAnalystChannel
Tuesday, 20 September 2016
YourAnalyst
Publish date: Mon, 19 Sep 2016, 11:13 PM
YourAnalyst
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Stock ideas
Disclaimer: Investments involve risks, including possible loss of principle and other losses. Articles posted are for educational and informational purposes. The Author shall not be liable for decisions made by readers.
Disclaimer: Investments involve risks, including possible loss of principle and other losses. Articles posted are for educational and informational purposes. The Author shall not be liable for decisions made by readers.
Tuesday, 20 September 2016
ATTN: ALL Bursa Traders,
The FBMKLCI closed lower at 1,651.71 (-1.28 or -0.08%). The immediate support for our KLCI if break 1651. 71 will be at 1642 level.
Meanwhile, our neighbouring market outlook for the day are:
• Australia S&P/ASX200 closed lower at 5294.76 ( -1.94 or -0.04%)
• China A50 closed slightly bullish at 9,621.73 (+64.28 or +0.67%)
• Hong Kong HSI closed higher at 23,550.45 (+214.86 or +0.92%)
• Indonesia’s IDX Composite closed higher at 5,321.84 (+54.072 or +1.03%)
• Japan’s Nikkei Closed higher at 16,519.29 (+114.28 or 0.70%)
• South Korea KOSPI closed higher at 2,015.78 (+16.42 or +0.82%)
• Taiwan Weighted closed higher at 9,152.88 (+250.58 or +2.81%)
• The USD Weakened against our MYR at 4.1209 (-0.0121 or -0.29%)
DJIA opened higher at 18,154.82 which is a good sign. The DJIA seems to be supported above level 18,004 after the big drop from previous level during 8 September 2016. Hopefully the DJIA will be maintained at this level to provide positive and calm sediment to the world market. Also bear in mind the FOMC rate decision will be known this 21st September.
Stocks to watch are:
IQGROUP:
Possible to reach RM 2.5. Monitor these few days to wait for possible pullbacks only enter.
Support 1: 2.25
Support 2: 2.15
PWF:
Support at 0.735-0.730 level. Can start collecting at this level.
Follow Your Trusted Bursa Analyst Channel for stockpicks and daily update.
https://telegram.me/TTrustedBA
Monday market was active, and then sleepy afterwards. We hope for a more uproar Tuesday market !
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