KLSE Traders Update and Ideas

Daily Market Update - 26 Mar 2019 (COMFORT, SCABLE)

mplus313
Publish date: Tue, 26 Mar 2019, 08:27 AM
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This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 25,516.83 pts (+14.51pts, +0.06%)
U.S. stockmarkets endured a choppy trading session before closing marginally higher as the Dow rose 0.1% after the special counsel found no collusion with Russia on the U.S. President Donald Trump campaign in 2016. The immediate resistance is located at 26,000.

FBM KLCI: 1,649.15 pts (-17.51pts, -1.05%)
Tracking the renewed volatility on Wall last Friday, the FBM KLCI (-1.1%) gapped down to close sharply lower in tandem with the weakness across the Asia Pacific stockmarkets yesterday. The immediate resistance is located at 1,680.

Crude Palm Oil: RM2,140 (-RM27, -1.25%)
Crude palm oil prices extended its losses, dragged down by increasing palm oil production in Malaysia, coupled with the weaker petroleum prices. The immediate resistance is located around RM2,200.

WTI Crude Oil: $58.82 (-$0.22, -0.37%)
Crude oil prices extended its losses on concern over potential decline in energy demand. The immediate resistance is located at US$64.

Gold: $1,321.90 (+$8.22, +0.63%)
Gold prices extended its gains as demand for safe haven assets perks up amid the slowdown of global economic growth. The immediate resistance is located around $1,350.

Technical Trading Stocks - 26 Mar 19 
Stock Name: COMFORT (2127)
Entry: Buy above RM0.84
Target: RM0.89 (6.0%), RM0.925 (10.1%)
Stop: RM0.80 (-4.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: SCABLE (5170)
Entry: Buy above RM0.385
Target: RM0.42 (9.1%), RM0.460 (19.5%)
Stop: RM0.34 (-11.7%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

 

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moneykj

Buy Orion

2019-03-26 08:53

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