KLSE Traders Update and Ideas

Daily Market Update - 19 Sept 2017 (ASTINO, HLT)

mplus313
Publish date: Tue, 19 Sep 2017, 08:29 AM
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This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 22,331.35 pts (+63.01pts, +0.28%)
U.S. stockmarkets crept higher overnight as the Dow added 0.3% to register its fifth record closing as investors anticipate for an unchanged interest rate in the upcoming Federal Reserve meeting. The immediate resistance is located at 22,500.

FBM KLCI: 1,783.66 pts (-2.67pts, -0.15%)
The FBM KLCI (-0.2%) drifted lower yesterday, bucking the positive performance in overall key regional indices. The immediate resistance is located at 1,800.

Crude Palm Oil: RM2,805 (-RM30, -1.06%)
Crude palm oil prices retreated, taking cue from the weakness in soy bean oil prices coupled with the renewed strength in Ringgit against the Greenback. The immediate support is envisaged around RM2,800.

WTI Crude Oil: $49.91 (+$0.02, +0.04%)
Crude oil prices inched higher but gains were limited as oil refineries are scheduled for seasonal maintenance which could lead to lower demand. The immediate resistance is located at US$50.

Gold: $1,307.44 (-$12.74, -0.97%)
Gold prices extended its losses as risk appetite shifted to the equities market. The immediate resistance will be pegged around US$1,350.

Bursa Malaysia Trade Statistics - 18Sep17
Institutions:  Net BUY 8.5 mln (59.9%)
Retail:  Net SELL 27.8 mln (24.8%)
Foreign:  Net BUY 19.3 mln (15.3%)

Potential Momentum Stocks - 19Sep17 
Stock Name: ASTINO (7162)
Entry: Buy above RM1.20
Target: RM1.29 (7.5%), RM1.40 (16.7%)
Stop: RM1.15 (-4.2%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: HLT (0188)
Entry: Buy above RM0.47
Target: RM0.51 (8.5%), RM0.545 (16.0%)
Stop: RM0.43 (-8.5%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

 

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