Fool Trader KLSE Research
Daily Summary - 10 May 2012
YOUR MORNING COFFEE ' Thursday 10/5/2012
SUMMARY
- Wall St closed 0.7% lower, as Europe continues to reel in uncertainties. A summit meeting on May 23, is scheduled to discuss on the need to boost growth in the current austerity drive.
- Dow of 12,835 is heading lower, following the breach of the key support of 13,100. A technical rebound is possible due to the oversold level. Upside is capped at 13,050. Support remains at 12,534. RSI of 39 is weakening.
- DOLLAR INDEX is higher at 80.1. Resistance is at 80.9.
- Crude oil is lower at USD96.8. Support is at 92.5.
- Dollar yen is lower at 79.6 yen. Upside is at 81.0.
- Euro/dollar is lower at 1.294. Support is at 1.282.
- Gold is lower at USD1594. Support is at 1544.
- Shanghai closed lower at 2,408.
- Singapore STI closed lower at 2,910.
- Ringgit is weaker at 3.072. Downside is at 3.110.
- S'pore ringgit is higher at 2.450. Upside is at 2.481.
- Malaysian market closed lower 1584. On the Daily chart, it has bottomed at the recent low of 1566. Upside is at 1592. RSI of 49, is neutral. Stochastic is overbought. Support is at 1572. Today's range is between 1576 and 1586.
- CPO June futures is higher at RM3369. Support is at 3319.
- Trading : TRC ( 5054 : 0.74 ) : Targeting 0.815/Stop loss 0.70, CIMB ( 1023 : 7.64 ) : Targeting 8.16/Stop loss 7.54 ,PERISAI ( 0047 : 0.91 ) : Targeting 1.12/Stop loss 0.87, MUHIBAH ( 5703 : 1.30 ) : Targeting 1.45/Stop loss 1.22
Source:Jupiter Securities Research 09 May 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
THE INVESTMENT APPROACH OF CALVIN TAN
6
save malaysia!
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....
