KLSE Traders Update and Ideas

Daily Market Update - 15 Feb 2018 (HSSEB, ASTINO)

mplus313
Publish date: Thu, 15 Feb 2018, 08:49 AM
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This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 24,893.49 pts (+253.04pts, +1.03%)
U.S stockmarkets advanced for the fourth straight session as the Dow jumped 1.0% higher amid a mixed set of economics data. The immediate resistance is located at 25,000.

FBM KLCI: 1,834.93 pts (+1.91pts, +0.10%)
The FBM KLCI (+0.1%) rose for the third consecutive day, lifted by the strong 4Q2017 GDP data. The immediate resistance is located at 1,850.

Crude Palm Oil: RM2,503 (-RM12, -0.48%)
Crude palm oil prices extended its losses, dragged down by the weakness in soybean oil prices. The immediate resistance is envisaged around RM2,550.

WTI Crude Oil: $60.60 (+$1.41, +2.39%)
Crude oil prices rebounded as U.S. inventory level expanded less than expected. The immediate support is located at US$55.

Gold: $1,350.73 (+$21.18, +1.59%)
Gold prices extended its gains for the third straight day as the U.S. Dollar continues to weaken against a basket of currencies. The immediate support will be pegged around US$1,300.

Economic Releases:
JP - Japan's Industrial Production, 12.30PM
US - United States' Producer Price Index, 9.30PM

Bursa Malaysia Trade Statistics - 14 Feb 18
Institutions:  Net SELL 59.3 mln (57.4%)
Retail:  Net SELL 3.1 mln (20.0%)
Foreign:  Net BUY 62.4 mln (22.6%)

Potential Momentum Stocks - 15 Feb 18 
Stock Name: HSSEB (0185)
Entry: Buy above RM1.65
Target: RM1.77 (7.3%), RM1.80 (9.1%)
Stop: RM1.56 (-5.5%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: ASTINO (7162)
Entry: Buy above RM1.05
Target: RM1.12 (6.7%), RM1.17 (11.4%)
Stop: RM1.00 (-4.8%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

 

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