Fool Trader KLSE Research
Daily Summary - 23 Apr 2012
YOUR MORNING COFFEE ' Monday 23/4/2012
SUMMARY
Source:Jupiter Securities Research 23 April 2012
SUMMARY
- Wall St closed 0.5% higher, due to another round of strong corporate earnings. Microsoft, McDonalds, GE etc, led the charge. In Europe, Germany got a surprise for the sixth straight month of increase in
- business confidence. Euros and oil prices rose.
- Dow of 13,029 is on a technical rebound. It is testing the previous high of 13,297. RSI of 50, and Stochastic are recovering.
- Dollar index is lower at 79.2. Support is at 78.8.
- Crude oil is higher at USD103.0. Upside is at 108.0.
- Dollar yen is higher at 81.5 yen. Upside is at 82.6.
- Euro/dollar is higher at 1.322. Upside is at 1.346.
- Gold is higher at USD1642. Buy. It is about to resume its uptrend.
- Shanghai closed higher at 2,406.
- Singapore STI closed lower at 2,998.
- Ringgit is firmer at 3.059. Downside is at 3.110.
- S'pore ringgit is higher at 2.453. Resistance is at 2.480.
- Malaysian market closed lower at 1591. On the Daily chart, it is in for a small technical rebound, as the RSI of 51 has gone neutral.
- Upside is at 1615. Today's range is between 1590 and 1600.
- CPO June futures is lower at RM3464. Support is at 3420.
- Trading : FAVCO ( 7229 : 1.53 ) : Target 1.80/Stop loss 1.44, 3A ( 0012 : 1.15 ) : Target 1.32/Stop loss 1.10, ULICORP ( 7133 : 0.74 ) : Breakout target 0.83, FOCUS ( 0116 : 0.18 ) : Target 0.22/Stop loss 0.17
Source:Jupiter Securities Research 23 April 2012
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