Fool Trader KLSE Research
Daily Summary - 25 May 2012
YOUR MORNING COFFEE ' Friday 25/5/2012
SUMMARY
Source:Jupiter Securities Research 25 May 2012
SUMMARY
- Wall St closed 0.3% higher. Concerns over a possible Greece exit from the eurozone, and the contagion effects remain. Weekly initial jobless claims dipped to 370,000. Durable goods orders up 0.2%, less than
- expected.
- Dow of 12,529 is on a technical rebound due to the oversold technicals. It has bottomed out at 12,311. RSI of 35, is rebounding. Upside is at 12,940.
- DOLLAR INDEX is higher at 82.3. Resistance is at 82.8.
- Crude oil is higher at USD90.4. Support is at 88.5.
- Dollar yen is higher at 79.6 yen. Upside is at 81.2.
- Euro/dollar is lower at 1.254. Support is at 1.220.
- Gold is lower at USD1556. Upside is at 1700.
- Shanghai closed lower at 2,350.
- Singapore STI closed higher at 2,783.
- Ringgit is weaker at 3.152. Downside is at 3.200.
- S'pore ringgit is higher at 2.468. Upside is at 2.481.
- Malaysian market closed higher 1548. On the Daily chart, it is in for a technical rebound to 1567, due to the oversold technicals. RSI of 40, has started to recover. Stochastic has started to turn upwards.
- Today's range is between 1542 and 1554.
- CPO July futures is higher at RM3047. Support is at 3000.
- Trading : CBIP ( 7076 : 2.54 ) : Targeting 2.80/Stop loss 2.44, KPSCB ( 9121 : 0.39 ) : Targeting 0.48/Stop loss 0.37, BRAHIMS ( 9474 : 1.20 ) : Targeting 1.40/Stop loss 1.14
Source:Jupiter Securities Research 25 May 2012
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