KLSE Traders Update and Ideas

Daily Market Update - 23 Nov 2017 (ELSOFT, DBHD)

mplus313
Publish date: Thu, 23 Nov 2017, 08:12 AM
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This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 23,526.18 pts (-64.65pts, -0.27%)
U.S. stockmarkets retreated from their record high levels as the Dow slipped 0.3% ahead of the Thanksgiving public holiday. The immediate resistance is located at 23,750.

FBM KLCI: 1,723.54 pts (+2.86pts, +0.17%)
The FBM KLCI (+0.2%) advanced, buoyed by the buying support from foreign funds. The immediate resistance is located at 1,730.

Crude Palm Oil: RM2,644 (+RM22, +0.84%)
Crude palm oil prices rebounded from the three-month low level amid the risk of La Nina phenomenon. The immediate support is envisaged around RM2,600.

WTI Crude Oil: $58.02 (+$1.19, +2.09%)
Crude oil prices rallied after U.S. inventory level declined 1.9 mln barrels W.o.W. The immediate resistance is located at US$60.

Gold: $1,292.12 (+$11.51, +0.90%)
Gold prices extended its gains after the Greenback retreated against a basket of currencies. The immediate support will be pegged around US$1,250.

Bursa Malaysia Trade Statistics - 22 Nov 17
Institutions:  Net SELL 178.6 mln (63.4%)
Retail:  Net SELL 35.9 mln (15.8%)
Foreign:  Net BUY 214.5 mln (20.8%)

Potential Momentum Stocks - 23 Nov 17 
Stock Name: ELSOFT (0090)
Entry: Buy above RM2.62
Target: RM2.78 (6.1%), RM2.95 (12.6%)
Stop: RM2.50 (-4.6%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: DBHD (3484)
Entry: Buy above RM0.66
Target: RM0.715 (8.3%), RM0.745 (12.9%)
Stop: RM0.62 (-6.1%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

 

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moneykj

Inta

2017-11-23 08:24

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