KLSE Traders Update and Ideas
Daily Market Update - 9 Apr 2018 (GBGAQRS, SUPERMX)
Dow Jones: 23,932.76 pts (-572.46pts, -2.34%)
Wall Street suffered another session of sell-down on last Friday as the Dow sank 2.3% amid the escalating trade war tension. The immediate support is located at 23,000.
FBM KLCI: 1,837.01 pts (+0.88pts, +0.05%)
The eleventh hour buying support in selected index heavyweights sent the FBM KLCI (+0.1%) to extend its gains yesterday. The immediate resistance is located at 1,850.
The eleventh hour buying support in selected index heavyweights sent the FBM KLCI (+0.1%) to extend its gains yesterday. The immediate resistance is located at 1,850.
Crude Palm Oil: RM2,505 (+RM33, +1.33%)
Crude palm oil prices trended higher for the third straight session after the government extend export tax exemption till end April 2018. The immediate resistance is envisaged around RM2,570.
Crude palm oil prices trended higher for the third straight session after the government extend export tax exemption till end April 2018. The immediate resistance is envisaged around RM2,570.
WTI Crude Oil: $62.06 (-$1.38, -2.18%)
Crude oil prices trended lower, forming a bearish engulfing candle amid the escalation of trade war tension. The immediate resistance is located at US$67.
Crude oil prices trended lower, forming a bearish engulfing candle amid the escalation of trade war tension. The immediate resistance is located at US$67.
Gold: $1,333.03 (-$0.44, -0.03%)
Gold prices extended its losses after the U.S. Dollar depreciated against a basket of currencies. The immediate resistance will be pegged around US$1,360.
Gold prices extended its losses after the U.S. Dollar depreciated against a basket of currencies. The immediate resistance will be pegged around US$1,360.
Bursa Malaysia Trade Statistics - 6 Apr 18
Institutions: Net SELL 147.8 mln (40.1%)
Retail: Net SELL 64.2 mln (20.0%)
Foreign: Net BUY 212.0 mln (39.9%)
Institutions: Net SELL 147.8 mln (40.1%)
Retail: Net SELL 64.2 mln (20.0%)
Foreign: Net BUY 212.0 mln (39.9%)
Potential Momentum Stocks - 9 Apr 18
Stock Name: GBGAQRS (5226)
Entry: Buy above RM1.66
Target: RM1.82 (9.6%), RM1.98 (19.3%)
Stop: RM1.55 (-6.6%)
Shariah: Yes
Technical: Monitor for breakout
Entry: Buy above RM1.66
Target: RM1.82 (9.6%), RM1.98 (19.3%)
Stop: RM1.55 (-6.6%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: SUPERMX (7106)
Entry: Buy above RM2.54
Target: RM2.73 (7.5%), RM2.92 (15.0%)
Stop: RM2.35 (-7.5%)
Shariah: Yes
Technical: Monitor for trendline breakout
Entry: Buy above RM2.54
Target: RM2.73 (7.5%), RM2.92 (15.0%)
Stop: RM2.35 (-7.5%)
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
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on KLSE Traders Update and Ideas
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
The Alpha Trader
3
南洋行家论股
4
南洋行家论股
5
Rakuten Trade Research Reports
6
TA Sector Research
7
TA Sector Research
8
PublicInvest Research
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
