KLSE Traders Update and Ideas

Evening Market Summary - 25 Nov 2015

mplus313
Publish date: Wed, 25 Nov 2015, 06:55 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 – 25 Nov 15: KLCI +7.39 pts (+0.44%) @1,684.42 pts. The FBM KLCI advanced for the fifth consecutive day as the Ringgit hit a one-month high against the USD. The lower liners, however, endured another day of selling pressure – FBM Small Cap (-1.2%), FBM Fledging (-1.1%) and FBM Ace (-2.9%), all retreated while the Industrial Products (-0.2%), Technology (-2.1%) and Properties (-0.5%) sectors underperformed the broader market. On the FBM KLCI, there are 17 advancers, 7 decliners and 6 traded unchanged. WTI Crude oil price stood at US$42.25.

Volume: 2.77 bln (3-month avg vol: 2.20 bln) & Value: 2.37 bln :arrow_up::268, :arrow_down::669 
FCPO +RM27@RM2,302
Dow Futures +63


Active stocks: 
KTC +17.0sen@RM0.32, FRONTKN -5.5sen@RM0.20, INSTACO -0.5sen@RM0.32, INIX -1.0sen@RM0.08 

Potential stocks:

EKIB +4.5sen@RM0.855, price formed a breakout-pullback-continuation pattern above the EMA9 level with high volumes. The MACD Line has given a “Buy” signal, but the RIS is overbought. 

CMSB +10.0sen@RM5.17, price has formed a bullish engulfing candle to close above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is approaching the 50 level. 

SUCCESS +1.0sen@RM2.08, price has formed a hammer candle on the RM2.00 psychological level. The MACD Histogram has extended another red bar, while the RSI has crossed above the 50 level. 

Source: Bloomberg, M+ Online

 

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