KLSE Traders Update and Ideas

Daily Market Update - 11 Jun 2018 (WELLCAL, ECOWLD)

mplus313
Publish date: Mon, 11 Jun 2018, 09:03 AM
mplus313
0 3,760
This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 25,316.53 pts (+75.12pts, +0.30%)
U.S. stockmarkets advanced last Friday as the Dow added 0.3% after recovering all its intraday losses as investors brushed off hostilities between leaders of G-7 two-day summit meeting in Canada. The immediate resistance is located at 25,500.

FBM KLCI: 1,778.32 pts (-7.49pts, -0.42%)
Further selling activities from foreign institutional players sent the FBM KLCI (-0.4%) lower on last Friday. The immediate resistance is located at 1,800.

Crude Palm Oil: RM2,366 (-RM21, -0.88%)
Crude palm oil prices trended lower for the fifth straight session taking cue from the weakness in soybean oil prices. The immediate support is envisaged around RM2,360.

WTI Crude Oil: $65.74 (-$0.21, -0.32%)
Crude oil prices retreated as U.S. oil rig count remain at 3-year high at 862 last week. The immediate support is located at US$62.

Gold: $1,298.17 (+$0.99, +0.08%)
Gold prices extended its gains as trade tension escalates between G7 members. The immediate support will be pegged around US$1,260.

Bursa Malaysia Trade Statistics - 8 Jun 18
Institutions:  Net BUY 270.6 mln (47.5%)
Retail:  Net BUY 27.6 mln (21.3%)
Foreign:  Net SELL 298.2 mln (31.2%)

Potential Momentum Stocks - 11 Jun 18 
Stock Name: WELLCAL (7231)
Entry: Buy above RM1.40
Target: RM1.51 (7.9%), RM1.60 (14.3%)
Stop: RM1.30 (-7.1%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: ECOWLD (8206)
Entry: Buy above RM1.27
Target: RM1.45 (14.2%), RM1.54 (21.3%)
Stop: RM1.19 (-6.3%)
Shariah: Yes
Technical: 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
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment