KLSE Traders Update and Ideas

Daily Market Update - 5 Oct 2018 (EMETALL, SENDAI)

mplus313
Publish date: Fri, 05 Oct 2018, 08:14 AM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 26,627.48 pts (-200.91pts, -0.75%)
U.S. equities finished lower after the 10-year Treasury yields hit a new record high since 2011. The immediate support is located at 26,350

FBM KLCI: 1,790.11 pts (-6.19pts, -0.34%)
The FBM KLCI extended its losses on Thursday, alongside regional peers. The immediate support is located at 1,785.

Crude Palm Oil: RM2,230 (+RM31, +1.41%)
Crude palm oil prices rallied for the third-straight day as soybean and crude oil prices continues to accelerate. The immediate resistance is located around RM2,260.

WTI Crude Oil: $74.63 (+$1.18, +1.53%)
Crude oil prices remained on an upward trajectory amid supply concerns. The immediate resistance is located at US$80.

Gold: $1,199.92 (+$2.57, +0.21%)
Gold prices were higher, lifted by bargain-hunting activities. The immediate resistance is located around $1,200.

Economic Releases:
US - Balance of Trade, 8.30PM
US - Nonfarm Payrolls, 8.30PM
US - Unemployment Rate, 8.30PM

Bursa Malaysia Trade Statistics - 4 Oct 18
Institutions:  Net SELL 77.1 mln (54.7%)
Retail:  Net BUY 4.1 mln (18.7%)
Foreign:  Net BUY 73.0 mln (26.6%)

Potential Momentum Stocks - 5 Oct 18 
Stock Name: EMETALL (7217)
Entry: Buy above RM0.47
Target: RM0.53 (12.8%), RM0.56 (19.1%)
Stop: RM0.45 (-4.3%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: SENDAI (5205)
Entry: Buy above RM0.75
Target: RM0.81 (8.0%), RM0.87 (16.0%)
Stop: RM0.72 (-4.0%)
Shariah: No
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

 

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