KLSE Traders Update and Ideas

Daily Market Update - 30 Sept 2019 (SALUTE, TOMYPAK)

mplus313
Publish date: Mon, 30 Sep 2019, 08:36 AM
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This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 26,820.25 pts (-70.87pts, -0.26%)
U.S. stockmarkets ended the week on a soft note as the Dow fell 0.3% on reports that the White House is weighing whether to limit investment flows into China. The immediate support is located at 26,400.

FBM KLCI: 1,584.14 pts (-8.86pts, -0.56%)
The FBM KLCI (-0.6%) ended the week on a dour note on weakness in selected banking heavyweights as the key index finished at its lowest level in four years. The immediate support is located at 1,580.

Crude Palm Oil: RM2,149 (-RM20, -0.92%)
Crude palm oil prices retreated, taking cue from the weakness in soybean oil prices and the firmer Ringgit against the Greenback. The immediate support is located around RM2,100.

WTI Crude Oil: $55.91 (-$0.50, -0.89%)
Crude oil prices trended lower for the fourth straight session amid the quicker-than-expected restoration of Saudi Arabia's production. The immediate support is located at US$50.

Gold: $1,497.01 (-$7.77, -0.52%)
Gold prices trended lower as the U.S. Dollar advanced amid a series of strong U.S. economic data. The immediate support is located around $1,450.

Economic Releases:
JP - Japan's Retail Sales, 7.50AM
CN - China's NBS Manufacturing PMI, 9.00AM
CN - China's Non-Manufacturing PMI, 9.00AM
CN - China's Caixin Manufacturing PMI, 9.45AM
MY - Malaysia's Producer Price Index, 12.00PM
UK - United Kingdom's 2Q2019 GDP Growth Rate, 4.30PM
EU - Eurozone's Unemployment Rate, 5.00PM
 

M+ Online Technical Trading Stocks - 30Sep19

Stock Name: SALUTE (0183)
Entry: Buy above RM0.645
Target: RM0.70 (8.5%), RM0.75 (16.3%)
Stop: RM0.60 (-7.0%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: TOMYPAK (7285)
Entry: Buy above RM0.495
Target: RM0.52 (5.1%), RM0.55 (11.1%)
Stop: RM0.475 (-4.0%)
Shariah: Yes
Technical: Trendline breakout

Source: Bloomberg, M+ Online

 

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Be the first to like this. Showing 2 of 2 comments

moniekj

Go for Orion

2019-09-30 08:58

moniekj

Post removed.Why?

2019-09-30 08:59

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