KLSE Traders Update and Ideas

Daily Market Update - 27 Jun 2019 (TRC, MACPIE)

mplus313
Publish date: Thu, 27 Jun 2019, 08:24 AM
mplus313
0 3,803
This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 26,536.82 pts (-11.40pts, -0.04%)
U.S. stockmarkets extended their losses as the Dow (-0.04%) erased all its intraday gains to close in the red in the final trading hour, dragged down by the uncertainty over the U.S.-China trade talks in the upcoming G-20 meeting. The immediate resistance is located at 27,000.

FBM KLCI: 1,674.49 pts (-2.12pts, -0.13%)
The FBM KLCI (-0.1%) retreated after lingering mostly in the negative territory yesterday as investors turned cautious on the less dovish stance from the U.S. Federal Reserve. The immediate resistance is located at 1,700.

Crude Palm Oil: RM1,966 (-RM15, -0.76%)
Crude palm oil prices retreated for the fifth straight session, taking cue from the weakness in soybean oil prices, coupled with the grim demand outlook. The immediate support is located around RM1,920.

WTI Crude Oil: $59.38 (+$1.55, +2.66%)
Crude oil prices closed sharply higher, boosted by the larger-than-expected U.S. inventory drawdown. The immediate resistance is located at US$63.

Gold: $1,409.00 (-$14.44, -1.01%)
Gold prices halted a six-day winning streak, dragged down by the stronger Greenback against a basket of currencies. The immediate support is located around $1,350.

Economic Releases:
JP - Japan's Retail Sales, 7.50AM
MY - Malaysia's Producer Price Index, 12.00PM
EU - Eurozone's Business Confidence, 5.00PM
EU - Eurozone's Services Sentiment, 5.00PM
EU - Eurozone's Consumer Confidence, 5.00PM
EU - Eurozone's Economic Sentiment, 5.00PM
EU - Eurozone's Industrial Sentiment, 5.00PM
US - United States' 1Q2018 GDP Growth Rate, 8.30PM

Technical Trading Stocks - 27 Jun 19 
Stock Name: TRC (5054)
Entry: Buy above RM0.665
Target: RM0.705 (6.0%), RM0.765 (15.0%)
Stop: RM0.63 (-5.3%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: MACPIE (0140)
Entry: Buy above RM0.195
Target: RM0.22 (12.8%), RM0.23 (17.9%)
Stop: RM0.18 (-7.7%)
Shariah: Yes
Technical: Breakout-pullback-continuation

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

Post a Comment