KLSE Traders Update and Ideas

Evening Market Summary - 18 Nov 2015

mplus313
Publish date: Wed, 18 Nov 2015, 06:28 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 – 18 Nov 15: KLCI -5.03 pts (-0.30%) @ 1,656.50 pts. The FBM KLCI gave up most of its previous session gains, owing to the emergence of mild profit taking activities amongst selective banking heavyweights. Amidst the mixed broader market, the lower liners, however, bucked the negative market to close higher. On the FBM KLCI, there are 8 advancers, 16 decliners and 6 traded unchanged. WTI Crude oil price stood at US$41.25.

Volume: 2.42 bln (3-month avg vol: 2.13 bln) & Value: 2.03 bln :arrow_up::400, ::arrow_down:516 
FCPO +RM24@RM2,317
Dow Futures -21


Active stocks: 
INSTACO +3.5sen@RM0.265, CAP +0.5sen@RM0.09, IDMENSN -0.5sen@RM0.105, HIBISCS -1.5sen@RM0.23

Potential stocks:

HEVEA +11.0sen@RM1.47, price experienced a consolidation breakout above the RM1.41 all-time high level with improved volumes. The MACD Histogram has turned green, but the RSI is hovering within the overbought zone. 

SYF +2.5sen@RM0.505, price formed a bullish engulfing candle after finding some support above the RM0.475 level. The MACD Histogram has turned green, while the RSI is approaching the overbought level. 

SKPRES +4.0sen@RM1.45, price experienced a short-term breakout above the RM1.41 level with high volumes. The MACD Line has given a “Buy” signal, while the RSI hovers above the 50 level. 

Source: Bloomberg, M+ Online

 

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The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

 

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