KLSE Traders Update and Ideas

Daily Market Update - 16 Nov 2018 (KGB, AEMULUS)

mplus313
Publish date: Fri, 16 Nov 2018, 08:43 AM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 25,289.27 pts (+208.77pts, +0.83%)
U.S. stockmarkets rebounded overnight as the Dow added 0.8% after U.S. officials reported to put the next wave of tariff on hold. The immediate resistance is located at 26,000.

FBM KLCI: 1,694.21 pts (+5.80pts, +0.34%)
The FBM KLCI (+0.3%) trended higher alongside with the mostly positive performance across regional peers yesterday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,049 (+RM10, +0.49%)
Crude palm oil prices halted a seven-day losing streak, lifted by mild bargain hunting activities. The immediate support is located around RM1950.

WTI Crude Oil: $56.46 (+$0.21, +0.37%)
Crude oil prices extended its gains on the decline in U.S. stockpiles, coupled with optimism over OPEC's plan on production cut in 2019. The immediate resistance is located at US$60.

Gold: $1,213.36 (+$2.48, +0.20%)
Gold prices trended higher for the third straight session after the Greenback depreciated against a basket of currencies. The immediate resistance is located around $1,250.

Economic Releases:
MY - Malaysia's 3Q2018 GDP Growth Rate, 12.00PM
EU - Eurozone's Inflation Rate, 6.00PM
US - United States' Manufacturing Production, 10.15PM
US - United States' Industrial Production, 10.15PM

Top 3 Active stocks – 15 Nov 18
PUC (0007): RM0.145 (-1.0 sen)
HIBISCS (5199): RM1.06 (+5.0 sen)
TIGER (7079): RM0.09 (-0.5 sen)

Potential Momentum Stocks - 16 Nov 18 
Stock Name: KGB (0151)
Entry: Buy above RM1.23
Target: RM1.30 (5.7%), RM1.35 (9.8%)
Stop: RM1.16 (-5.7%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: AEMULUS (0181)
Entry: Buy above RM0.315
Target: RM0.345 (9.5%), RM0.38 (20.6%)
Stop: RM0.285 (-9.5%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

 

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