Fool Trader KLSE Research
Daily Summary - 6 June 2012
YOUR MORNING COFFEE ' Wednesday 6/6/2012
SUMMARY
Source:Jupiter Securities Research 06 June 2012
SUMMARY
- Wall St closed 0.22% higher, on the upbeat ISM services index's rise to 53.7. There is also the support shown by the G-7, on the current debt crisis in the eurozone.
- Dow of 12,127 is heading lower to test the previous low of 11,735. RSI of 28, is on a positive divergence, indicating a technical rebound.
- DOLLAR INDEX is higher at 82.7. Resistance is at 85.0.
- Crude oil is higher at USD84.2. Support is at 80.0.
- Dollar yen is higher at 78.4 yen. Upside is at 80.0.
- Euro/dollar is higher at 1.246. Resistance is at 1.278.
- Gold is higher at USD1619. Upside is at 1700.
- Shanghai closed higher at 2,311.
- Singapore STI closed higher at 2,712.
- Ringgit is firmer at 3.86. Downside is at 3.238.
- S'pore ringgit is lower at 2.480. Upside is at 2.481.
- Malaysian market closed higher 1560. On the Daily chart, a pullback to test the support of 1544 is likely, as the Stochastic has just turned down. RSI of 47, is weakening. Today's range is between 1556 and 1566.
- CPO Aug futures is higher at RM2960. Upside is at 3288.
- Trading : MPHB ( 3859 : 3.24 ) : Targeting 3.50/Stop loss 3.10, TDM ( 2054 : 3.78 ) : Targeting 4.20/Stop loss 3.69, LITRAK ( 6645 : 4.10 ) : Targeting 4.48/Stop loss 3.92
Source:Jupiter Securities Research 06 June 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
save malaysia!
3
4
5
6
Koon Yew Yin's Blog
7
THE INVESTMENT APPROACH OF CALVIN TAN
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....
