KLSE Traders Update and Ideas

Evening Market Summary - 27 Nov 2015

mplus313
Publish date: Fri, 27 Nov 2015, 08:56 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 – 27 Nov 15: KLCI -0.50 pts (-0.03%) @1,682.59 pts. The FBM KLCI extended its losses for the second consecutive day, in line with the weakness across key regional indices. The lower liners also ended in red, while the Plantations (+1.1%) sector bucked the negative broader market. On the FBM KLCI, there are 13 advancers, 14 decliners and 3 traded unchanged. WTI Crude oil price stood at US$42.30.

Volume: 2.41 bln (3-month avg vol: 2.19 bln) & Value: 2.06 bln :arrow_up::292, :arrow_down::635 
FCPO +RM18@RM2,359
Dow Futues -30


Active stocks: 
XOX -14.5sen@RM0.335, CSL +1.5sen@RM0.155, INSTACO +1.0sen@RM0.32, WINTONI -3.5sen@RM0.085 

Potential stocks:

UOADEV +5.0sen@RM2.52, price breakout above the RM2.16 resistance level with improved volumes. The MACD Histogram has turned green, while the RSI is approaching the overbought level. 

IRIS +1.0sen@RM0.24, price rose above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI continues to hover below the 50 level

REXIT +5.0sen@RM0.695, price has formed a breakout-pullback-continuation pattern on the EMA20 level. The MACD Histogram has turned green, while the RSI hovers above the 50 level. 

Source: Bloomberg, M+ Online

 

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