KLSE Traders Update and Ideas

Daily Market Update - 15 Oct 2018 (DELEUM, NOTION)

mplus313
Publish date: Mon, 15 Oct 2018, 08:33 AM
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This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 25,339.99 pts (+287.16pts, +1.15%)
Wall Street rebounded from a two-day slump as the Dow gained 1.2% after concern over rising interest rates subsides. The immediate support is located at 25,000.

FBM KLCI: 1,730.74 pts (+22.25pts, +1.30%)
The FBM KLCI (+1.3%) advanced alongside with the gains across its regional peers on last Friday, boosted by the positive China's export data. The immediate support is located at 1,700.

Crude Palm Oil: RM2,193 (+RM22, +1.01%)
Crude palm oil rebounded after India's import rose to one-month high ahead of Deepavali. The immediate support is located around RM2,140.

WTI Crude Oil: $71.34 (+$0.29, +0.42%)
Crude oil prices rebounded, despite the International Energy Agency trim the global demand outlook. The immediate support is located at US$70.

Gold: $1,217.05 (-$6.71, -0.55%)
Gold prices pullback as demand for risky assets improved. The immediate resistance is located around $1,250.

Economic Releases:
MY - Malaysia's Unemployment Rate, 12.00PM
JP - Japan's Industrial Production, 12.30PM
US - United States' Retail Sales, 8.30PM

Bursa Malaysia Trade Statistics - 12 Oct 18
Institutions:  Net BUY 153.5 mln (54.8%)
Retail:  Net BUY 20.3 mln (22.9%)
Foreign:  Net SELL 173.8 mln (22.3%)

Potential Momentum Stocks - 15 Oct 18 
Stock Name: DELEUM (5132)
Entry: Buy above RM1.15
Target: RM1.22 (6.1%), RM1.34 (16.5%)
Stop: RM1.06 (-7.8%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: NOTION (0083)
Entry: Buy above RM0.655
Target: RM0.71 (8.4%), RM0.735 (12.2%)
Stop: RM0.605 (-7.6%)
Shariah: Yes
Technical: Trendline breakout

Source: Bloomberg, M+ Online

 

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