Fool Trader KLSE Research
Daily Summary - 19 July 2012
YOUR MORNING COFFEE ' Thursday 19/7/2012
SUMMARY
- Wall St closed 0.8% higher, on the Bernanke's speech, and above expectation corporate results. Intel led the technology sector, after saying that PC sales rose 4% in the latest quarter. US Fed Beige Book indicated a modest expansion across the 12 regions.
- Dow of 12,908, is likely to test a resistance at 13,030. RSI of 58, is recovering.
- DOLLAR INDEX is higher at 83.0. Downside is at 82.2.
- Crude oil is higher at USD89.8. Resistance is at 93.6.
- Dollar yen is lower at 78.8 yen. Support is at 78.4.
- Euro/dollar is higher at 1.228. Upside is at 1.245.
- Gold is lower at USD1574. Upside is at 1740.
- Shanghai closed higher at 2,169.
- Singapore STI closed higher at 3,015.
- Ringgit is firmer at 3.150. Downside is at 3.210.
- S'pore ringgit is lower at 2.508. Upside is at 2.540.
- Malaysian market closed higher at 1645. On the Daily chart, it is targeting 1654. Pullback support is at 1624. RSI of 74, remains positive. Today's range is between 1640 and 1650.
- CPO Sep futures is lower at RM3015. Support is at 2924.
- Trading : MBMR ( 5983 : 4.00 ) : Targeting 4.30/Stop loss 3.88, L&G ( 3174 : 0.42 ) : Targeting 0.49/Stop loss 0.40, MAYBANK ( 1155 : 8.77 ) : Take profit, CIMB ( 1023 : 7.88 ) : Targeting 8.40/Stop loss 7.70
Source:Jupiter Securities Research 19 July 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
4
bearisking
5
6
save malaysia!
7
HLBank Research Highlights
#
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....
