KLSE Traders Update and Ideas

Daily Market Update - 20 Feb 2018 (DESTINI, MHB)

mplus313
Publish date: Tue, 20 Feb 2018, 08:45 AM
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This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 25,219.38 pts (+19.01pts, +0.08%)
U.S. stockmarkets were closed for the President Day public holiday. The immediate resistance is located at 25,500.

FBM KLCI: 1,857.32 pts (+19.04pts, +1.04%)
The FBM KLCI (+1.0%) resumes trading with a sturdy manner, buoyed by the positive sentiment across global equities. The immediate resistance is located at 1,870.

Crude Palm Oil: RM2,515 (+RM9, +0.36%)
Crude palm oil prices edged higher in anticipation over the high exports for February 2018. The immediate resistance is envisaged around RM2,550.

WTI Crude Oil: $61.68 (+$0.34, +0.56%)
Crude oil prices trended higher for the fourth straight session, after several major oil producers pledged their support to tighten supplies throughout 2018. The immediate resistance is located at US$67.

Gold: $1,346.46 (-$0.50, -0.04%)
Gold prices extended its losses as investors await for the U.S. Federal Reserve on monetary policy decision. The immediate support will be pegged around US$1,300.

Bursa Malaysia Trade Statistics - 19 Feb 18
Institutions:  Net SELL 129.0 mln (49.7%)
Retail:  Net SELL 35.3 mln (27.6%)
Foreign:  Net BUY 164.3 mln (22.7%)

Potential Momentum Stocks - 20 Feb 18 
Stock Name: DESTINI (7212)
Entry: Buy above RM0.63
Target: RM0.67 (6.3%), RM0.69 (9.5%)
Stop: RM0.605 (-4.0%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: MHB (5186)
Entry: Buy above RM0.865
Target: RM0.925 (6.9%), RM0.98 (13.3%)
Stop: RM0.81 (-6.4%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

 

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