KLSE Traders Update and Ideas

Daily Market Update - 22 Nov 2017 (SEM, BKOON)

mplus313
Publish date: Wed, 22 Nov 2017, 08:33 AM
mplus313
0 3,803
This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 23,590.83 pts (+160.50pts, +0.69%)
U.S. stockmarkets extended their gains to close at fresh record high levels as the Dow added 0.7%, buoyed by gains in Apple Inc (+1.9%), whilst the S&P 500 closed marginally below the 2,600 psychological level. The immediate resistance is located at 23,750.

FBM KLCI: 1,720.68 pts (+2.32pts, +0.14%)
The FBM KLCI (+0.1%) edged marginally higher, in tandem with gains across key regional indices. The immediate resistance is located at 1,730.

Crude Palm Oil: RM2,622 (-RM6, -0.23%)
Crude palm oil prices extended its losses amid the stronger Ringgit against the Greenback. The immediate support is envisaged around RM2,600.

WTI Crude Oil: $56.83 (+$0.74, +1.33%)
Crude oil prices rebounded on expectation over tighter U.S. crude stockpiles. The immediate resistance is located at US$60.

Gold: $1,280.61 (+$3.69, +0.29%)
Gold prices rebounded but continue to trade in a rangebound manner. The immediate support will be pegged around US$1,250.

Economic Releases:
MY - Malaysia's Inflation Rate, 12.00PM

Bursa Malaysia Trade Statistics - 21 Nov 17
Institutions:  Net SELL 24.1 mln (60.6%)
Retail:  Net BUY 24.4 mln (19.4%)
Foreign:  Net SELL 0.3 mln (20.0%)

Potential Momentum Stocks - 22 Nov 17 
Stock Name: SEM (5250)
Entry: Buy above RM1.57
Target: RM1.63 (3.8%), RM1.75 (11.5%)
Stop: RM1.50 (-4.5%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Stock Name: BKOON (7187)
Entry: Buy above RM0.54
Target: RM0.565 (4.6%), RM0.58 (7.4%)
Stop: RM0.52 (-3.7%)
Shariah: Yes
Technical: Monitor for 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
Market Buzz
More articles on KLSE Traders Update and Ideas
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment