KLSE Traders Update and Ideas

Daily Market Update - 11 Apr 2019 (JHM, DSONIC)

mplus313
Publish date: Thu, 11 Apr 2019, 08:32 AM
mplus313
0 3,803
This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 26,157.16 pts (+6.58pts, +0.03%)
U.S. stockmarkets rebounded as the Dow gained 0.03% after the U.S. Federal Reserve stood at its dovish stance on interest rate policy. The immediate resistance is located at 27,000.

FBM KLCI: 1,639.46 pts (-2.48pts, -0.15%)
The FBM KLCI (-0.2%) extended its losses after lingering mostly in the negative territory yesterday, mirroring the weakness on Wall Street overnight. The immediate resistance is located at 1,650.

Crude Palm Oil: RM2,170 (-RM42, -1.90%)
Crude palm oil prices formed a bearish candle after Malaysia's March 2019 inventory level fell less-than-expected. The immediate resistance is located around RM2,250.

WTI Crude Oil: $64.61 (+$0.63, +0.98%)
Crude oil prices rebounded after U.S. inventory level declined more-than-expected, coupled with Venezuela production slumping to 16-year low. The immediate resistance is located at US$67.

Gold: $1,307.99 (+$3.89, +0.30%)
Gold prices extended its gains after the Greenback retreated against a basket of currencies after the U.S. Federal Reserve made no changes to its dovish stance on future interest rate hikes. The immediate resistance is located around $1,350.

Economic Releases:
CN - China's Producer Price Index, 9.30AM
CN - China's Inflation Rate, 9.30AM
MY - Malaysia's Industrial Production, 12.00PM
US - United States' Producer Price Index, 8.30PM

Technical Trading Stocks - 11 Apr 19 
Stock Name: JHM (0127)
Entry: Buy above RM1.33
Target: RM1.45 (9.0%), RM1.50 (12.8%)
Stop: RM1.22 (-8.3%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: DSONIC (5216)
Entry: Buy above RM0.545
Target: RM0.60 (10.1%), RM0.645 (18.3%)
Stop: RM0.505 (-7.3%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

 

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

Related Stocks
More articles on KLSE Traders Update and Ideas
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment