KLSE Traders Update and Ideas

Daily Market Update - 15 Feb 2017 (BPURI, MTDACPI)

mplus313
Publish date: Wed, 15 Feb 2017, 09:30 AM
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This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 20,504.40 pts (+92.24pts, +0.45%)
U.S. stockmarkets advanced for the fourth straight session as the Dow gained 0.5% after the US Federal Reserve Chairwoman signalled a quicker-than-expected rate hike.

FBM KLCI: 1,708.90 pts (-1.34pts, -0.08%)
The FBM KLCI (-0.1%) retreated from nine-months high in tandem with the weakness across key regional indices. The next resistance level is located around the 1,730 level.

Crude Palm Oil: RM3,049 (+RM13, +0.43%)
Crude palm oil prices rebounded on tighter stockpile level. The RM3,000 level will serve as the immediate support level.

WTI Crude Oil: $53.20 (+$0.27, +0.51%)
Crude oil prices rebounded but gains were capped by the higher build-up in US crude inventories. Crude oil prices might trend between the US$50-US$55 levels.

Gold: $1,228.13 (+$2.87, +0.23%)
Gold prices staged a mild recovery on uncertainty over the implementation of US President Donald Trump policies. The US1,250 will serve as the immediate resistance level.

Economic Releases:
US - US' Inflation Rate - 15 Feb 17, 9.30PM
US - US' Retail Sales - 15 Feb 17, 9.30PM

Bursa Malaysia Trade Statistics - 14 Feb 17
Institutions:  Net BUY 15.3 mln (65.2%)
Retail:  Net BUY 2.3 mln (16.3%)
Foreign:  Net SELL 17.6 mln (18.5%)

Potential Momentum Stocks - 15 Feb 17 
Stock Name: BPURI (5932)
Entry: Buy above RM0.465
Target: RM0.51 (9.7%), RM0.56 (20.4%)
Stop: RM0.445 (-4.3%)
Shariah: No
Technical: Breakout-Pullback-Continuation

Stock Name: MTDACPI (5924)
Entry: Buy above RM0.38
Target: RM0.44 (15.8%), RM0.485 (27.6%)
Stop: RM0.355 (-6.6%)
Shariah: Yes
Technical: Short-term consolidation breakout

Source: Bloomberg, M+ Online

 

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