KLSE Traders Update and Ideas

Daily Market Update - 9 Nov 2017 (HLT, DRBHCOM)

mplus313
Publish date: Thu, 09 Nov 2017, 08:53 AM
mplus313
0 3,803
This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 23,563.36 pts (+6.13pts, +0.03%)
Despite opening lower at the start of the trading bell, U.S. stockmarkets crept higher as the Dow rose 0.03%, lifted by gains in technology shares. The immediate resistance is located at 23,750.

FBM KLCI: 1,744.20 pts (-6.74pts, -0.38%)
The FBM KLCI (-0.4%) gave up most of its previous session gains yesterday in line with the weakness across key regional indices. The immediate resistance is located at 1,760.

Crude Palm Oil: RM2,820 (+RM35, +1.26%)
Crude palm oil prices advanced in line with gains in soy bean oil prices coupled with concern over potential La Nina weather phenomenon. The immediate resistance is envisaged around RM2,850.

WTI Crude Oil: $56.81 (-$0.39, -0.68%)
Crude oil prices extended their losses on unexpected build-up in stockpiles data. The immediate resistance is located at US$60.

Gold: $1,281.36 (+$6.06, +0.48%)
Gold prices rebounded and continue to trade in a rangebound manner over the past two weeks. The immediate support will be pegged around US$1,250.

Economic Releases:
CN - China's Inflation Rate, 9.30AM
CN - China's Producer Price Index, 9.30AM
MY - Malaysia's Industrial Production, 12.00PM
MY - Malaysia's Retail Sales, 12.00PM
MY - Malaysia's Bank Negara Interest Rate Decision, 3.00PM

Bursa Malaysia Trade Statistics - 8 Nov 17
Institutions:  Net BUY 6.5 mln (56.1%)
Retail:  Net BUY 11.5 mln (22.1%)
Foreign:  Net SELL 18.0 mln (21.8%)

Potential Momentum Stocks - 9 Nov 17 
Stock Name: HLT (0188)
Entry: Buy above RM0.575
Target: RM0.605 (5.2%), RM0.625 (8.7%)
Stop: RM0.555 (-3.5%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: DRBHCOM (1619)
Entry: Buy above RM1.77
Target: RM1.86 (5.1%), RM1.97 (11.3%)
Stop: RM1.68 (-5.1%)
Shariah: Yes
Technical: Monitor for trendline breakout

Source: Bloomberg, M+ Online

 

Disclaimer

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.

Related Stocks
More articles on KLSE Traders Update and Ideas
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment