KLSE Traders Update and Ideas

Daily Market Update - 15 Mar 2019 (TEOSENG, YOCB)

mplus313
Publish date: Fri, 15 Mar 2019, 08:33 AM
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This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 25,709.94 pts (+7.05pts, +0.03%)
U.S. stockmarkets ended on a mixed note after enduring a choppy trading session as the Dow added 0.03% on expectation that a potential trade deal between U.S. and China will be delayed until April 2019, but the S&P 500 fell 0.1%. The immediate resistance is located at 26,000.

FBM KLCI: 1,674.52 pts (-3.72pts, -0.22%)
Profit taking activities in selected index heavyweights sent the FBM KLCI (-0.2%) lower yesterday in tandem with the mostly negative performance across its regional peers. The immediate resistance is located at 1,680.

Crude Palm Oil: RM2,063 (-RM28, -1.34%)
Crude palm oil prices slumped for the seventh straight session, taking cue from the weakness in soybean oil prices. The immediate support is located around RM2,000.

WTI Crude Oil: $58.61 (+$0.35, +0.60%)
Crude oil prices extended its gains for the fourth straight session as OPEC and its allies pledged their support towards the production cut. The immediate resistance is located at US$60.

Gold: $1,296.17 (-$12.95, -0.99%)
Gold prices formed a bearish candle to close below the US$1,300 psychological level as jitters over Brexit fades. The immediate resistance is located around $1,350.

Economic Releases:
JP - Japan's Bank of Japan Interest Rate Decision, 11.00AM
EU - Eurozone's Inflation Rate, 6.00PM
US - United States' Manufacturing Production, 9.15PM
US - United States' Industrial Production, 9.15PM

Potential Momentum Stocks - 15 Mar 19 
Stock Name: TEOSENG (7252)
Entry: Buy above RM1.24
Target: RM1.34 (8.1%), RM1.42 (14.5%)
Stop: RM1.16 (-6.5%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: YOCB (5159)
Entry: Buy above RM1.19
Target: RM1.24 (4.2%), RM1.28 (7.6%)
Stop: RM1.14 (-4.2%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

 

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moneykj

Go hut Orion n son.

2019-03-15 08:48

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