KLSE Traders Update and Ideas

Daily Market Update - 21 Sept 2018 (HEVEA, EWINT)

mplus313
Publish date: Fri, 21 Sep 2018, 08:36 AM
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This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 26,656.98 pts (+251.22pts, +0.95%)
U.S. stockmarkets notched fresh record high levels as the Dow rose 1.0%, boosted by a series of solid economic data. The immediate resistance is located at 27,000.

FBM KLCI: 1,803.70 pts (+2.99pts, +0.17%)
The FBM KLCI (+0.2%) edged higher yesterday, lifted by buying support in selected index heavyweights from foreign funds. The immediate support is located at 1,780.

Crude Palm Oil: RM2,146 (-RM12, -0.56%)
Crude palm oil prices recorded its fourth straight session of decline, in line with the weakness in soybean oil prices. The immediate support is located around RM2,100.

WTI Crude Oil: $70.32 (-$0.80, -1.12%)
Crude oil prices retreated after U.S. President Donald Trump urged OPEC members to increase production. The immediate resistance is located at US$72.

Gold: $1,207.18 (+$3.14, +0.26%)
Gold prices rose to near one-week high as the easing trade concern sent the U.S. Dollar depreciating against a basket of currencies. The immediate support will be pegged around US$1,150.

Bursa Malaysia Trade Statistics - 20Sep18
Institutions:  Net SELL 117.9 mln (48.2%)
Retail:  Net SELL 33.7 mln (22.8%)
Foreign:  Net BUY 151.6 mln (29.0%)

Potential Momentum Stocks - 21Sep18 
Stock Name: HEVEA (5095)
Entry: Buy above RM0.89
Target: RM0.965 (8.4%), RM1.06 (19.1%)
Stop: RM0.85 (-4.5%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: EWINT (5283)
Entry: Buy above RM1.08
Target: RM1.15 (6.5%), RM1.20 (11.1%)
Stop: RM1.03 (-4.6%)
Shariah: Yes
Technical: Channel breakout

Source: Bloomberg, M+ Online

 

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