KLSE Traders Update and Ideas

Daily Market Update - 14 Sept 2018 (COMFORT, MATRIX)

mplus313
Publish date: Fri, 14 Sep 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: 26,145.99 pts (+147.07pts, +0.57%)
U.S. stockmarkets extended their gains as the Dow added 0.6%, boosted by the recovery in technology shares. The immediate resistance is located at 26,600.

FBM KLCI: 1,792.60 pts (+7.35pts, +0.41%)
The FBM KLCI (+0.4%) recovered some of its previous session gains, as the positive sentiment was in line with gains across regional peers yesterday. The immediate support is located at 1,780.

Crude Palm Oil: RM2,243 (+RM6, +0.27%)
Crude palm oil prices edged marginally higher, taking cue from the higher soybean oil prices. The immediate resistance is located around RM2,300.

WTI Crude Oil: $68.59 (-$1.78, -2.54%)
Crude oil prices endured its biggest daily selloff on concern over demand. The immediate resistance is located at US$75.

Gold: $1,201.47 (-$4.77, -0.40%)
Gold prices retreated amid the subdue demand after investors flocked to riskier assets. The immediate support will be pegged around US$1,150.

Bursa Malaysia Trade Statistics - 13Sep18
Institutions:  Net SELL 184.7 mln (49.7%)
Retail:  Net BUY 10.0 mln (18.4%)
Foreign:  Net BUY 174.7 mln (31.9%)

Potential Momentum Stocks - 14Sep18 
Stock Name: COMFORT (2127)
Entry: Buy above RM1.03
Target: RM1.10 (6.8%), RM1.16 (12.6%)
Stop: RM0.975 (-5.3%)
Shariah: Yes
Technical: Monitor for trendline breakout

Stock Name: MATRIX (5236)
Entry: Buy above RM2.08
Target: RM2.20 (5.8%), RM2.25 (8.2%)
Stop: RM2.02 (-2.9%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

 

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