Fool Trader KLSE Research
Daily Summary - 5 Apr 2012
YOUR MORNING COFFEE ' Thursday 5/4/2012
SUMMARY
Source:Jupiter Securities Research 05 April 2012
SUMMARY
- Wall St closed 0.9% lower, as the US Fed has indicated that it will not embark on stimulus any time soon. Further, markets turned cautious following the poor Spain's bond auction. Focus is on this Friday's employment figure.
- Dow of 13,074, is on a pullback, with support at 12,750. In the immediate term, a technical rebound to 13,200 is also likely. RSI of 49, is on a negative divergence.
- Dollar Index is higher at 79.7. Upside is at 80.8.
- Crude oil is lower at USD101.4. Downside is at 99.0.
- Dollar yen is higher at 82.4 yen. Downside is at 80.1.
- Euro/dollar is lower at 1.314. Downside is at 1.300.
- Gold is lower at USD1622. Support is at 1585.
- Shanghai closed higher at 2,262.
- Singapore STI closed lower at 2,985.
- Ringgit is weaker at 3.066. Downside is at 3.110.
- S'pore ringgit is lower at 2.433. Resistance is at 2.440.
- Malaysian market closed lower at 1599. On the Daily chart, it has retreated off the intraday Double top of 1609. While the RSI of 63 is in a negative divergence, a downside breach of the critical support of 1583 is needed to signal a down turn. Today's range is between 1595 and 1605.
- CPO May futures is higher at RM3558. Resistance is at 3630.
- Trading : KPSCB ( 9121 : 0.40 ) : Targeting 0.52, WIJAYA ( 4022 : 0.76 ) : Targeting 0.84, KURASIA ( 5097 : 0.63 ) : Targeting 0.69, VOIR ( 7240 : 0.57 ) : Take profit,
Source:Jupiter Securities Research 05 April 2012
More articles on Fool Trader KLSE Research
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
2
3
4
5
save malaysia!
6
THE INVESTMENT APPROACH OF CALVIN TAN
7
Koon Yew Yin's Blog
8
Good Articles to Share
Le Pen makes new threat to withdraw support for French government
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
