KLSE Traders Update and Ideas

Evening Market Summary - 6 Nov 2015

mplus313
Publish date: Fri, 06 Nov 2015, 10:12 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap – 6 Nov 15: KLCI -2.84 pts (-0.17%) @1,685.70 pts. Despite ending in the negative territory, the key index managed to snap its second weekly losing streak as it rose by approximately 20 pts over the week. Meanwhile, the Construction, Trading/Services and Finance fell on the back of a mostly positive broader market. On the FBM KLCI, there are 13 advancers and 17 decliners. WTI Crude oil price stood at US$45.45.

Volume: 2.28 bln (3-month avg vol: 2.10 bln) & Value: 2.02 bln ::arrow_up:500, ::arrow_down::arrow_down:388 
FCPO -RM25@RM2,323

DowFut -17

Active stocks: 
HWGB -0.5sen@RM0.125, RGB -1.0sen@RM0.185, PUC +0.5sen@RM0.125, CAP +0.5sen@RM0.10

Potential stocks:

SAPRES +11.0sen@RM1.53, price surged above the EMA 9 level with high volumes. The MACD Histogram has turned green, while the trailing stop loss is located around the EMA 9 level.

SCABLE +8.0sen@RM1.61, price broke above its RM1.56 resistance level with surge in volumes. The MACD Histogram has turned green, while the RSI hovers above the 50 level.

MRCB +6.0sen@RM1.48, price is well supported above the EMA 9 level with improvement in volumes. The MACD Histogram has extended another green bar. Trailing stop loss is located around the EMA 9 level.

Source: Bloomberg, M+ Online

 

 

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