Fool Trader KLSE Research
Daily Summary - 2 May 2012
YOUR MORNING COFFEE ' Wednesday 2/5/2012
SUMMARY
Source:Jupiter Securities Research 02 May 2012
SUMMARY
- Wall St closed 0.5% higher, as manufacturing activity grew at a fastest pace since 2011. US ISM manufacturing index rose to 54.8 in April, the highest since June.
- Dow of 13,279 is resuming its upward push to 13,595. Caution is on the key 13,100 support level. RSI of 60, has recovered.
- DOLLAR INDEX is higher 78.8. Support is at 78.6.
- Crude oil is higher at USD106.1. Upside is at 108.0.
- Dollar yen is higher at 80.2 yen. Upside is at 82.6.
- Euro/dollar is lower at 1.323. Upside is at 1.346.
- Gold is higher at USD1662. Buy. It is about to resume its uptrend.
- Shanghai closed lower at 2,396.
- Singapore STI closed lower at 2,978.
- Ringgit is firmer at 3.027. Downside is at 3.110.
- S'pore ringgit is lower at 2.452. Downside is at 2.436.
- Malaysian market closed higher 1570. On the Daily chart, it has bottomed at the recent low of 1566. Upside is at 1581. RSI of 38, is up. Stochastic is on an early uptick. Support is at 1564. Today's range is between 1569 and 1579.
- CPO June futures is lower at RM3508. Support is at 3420.
- Trading : PADINI ( 7052 : 1.67 ) : Take profit, CRESBLD ( 8591 : 0.87 ) : Targeting 1.01/Stop loss 0.81, KPS ( 5843 : 1.01 ) : Double bottom/Stop loss 0.98, PENERGY ( 5133 : 1.23 ) : Targeting 1.35/Stop loss 1.18
Source:Jupiter Securities Research 02 May 2012
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