M+ Online Morning Buzz - 7 Oct 19
Dow Jones: 26,573.72 pts (+372.68pts, +1.42%)
U.S. stockmarkets rallied as the Dow jumped 1.4% on last Friday, supported by the solid unemployment data in September 2019 that fell to 50-year low at 3.5%. The immediate resistance is located at 27,000.
FBM KLCI: 1,557.67 pts (-6.45pts, -0.41%)
The FBM KLCI (-0.4%) was pressured for the third straight session, owing to the sharp selldown in KLK after its' Indonesia subsidiary was reported to be involve in the open burning in Indonesia. The immediate support is located at 1,550.
Crude Palm Oil: RM2,149 (+RM12, +0.56%)
Crude palm oil prices rebounded to remain in the consolidation band, taking cue from the rally in soybean oil prices. The immediate support is located around RM2,100.
WTI Crude Oil: $52.81 (+$0.36, +0.69%)
Crude oil prices rebounded for the first time in nine trading days, lifted by the strong U.S. jobs data that could potentially boost demand. The immediate support is located at US$50.
Gold: $1,504.66 (-$0.53, -0.04%)
Gold prices snapped a three-day winning streak after the solid U.S. economic data raised doubts on the expectations over the possibility of U.S. Federal Reserve interest rate hike towards end-2019. The immediate resistance is located around $1,550.
Economic Releases:
CN - China's Caixin Services PMI, 9.45AM
CN - China's Caixin Composite PMI, 9.45AM
M+ Online Technical Trading Stocks - 7 Oct 19
Stock Name: NOTION (0083)
Entry: Buy above RM0.54
Target: RM0.58 (7.4%), RM0.615 (13.9%)
Stop: RM0.505 (-6.5%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: SCOMNET (0001)
Entry: Buy above RM0.825
Target: RM0.89 (7.9%), RM0.925 (12.1%)
Stop: RM0.785 (-4.8%)
Shariah: Yes
Technical: Flag-formation breakout
Source: Bloomberg, M+ Online
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ORION (0079) could be the next SUPERBULL IT STOCK. It's covered by the CIMB research guy Name NIGEL FOO. Normally stock he covered mean potential something is brewing. We can see it from previous call on IFCAMSC and MYEG which fly up super huge. Especially IT company.
Myeg is one of the stock make him famous. And next is IFCAMSC.
Of course now both not doing well, but the front part is amazing, we just need to ride the front part.
2019-10-07 08:55
haha, @moniekj you are hantu? tell us NIGEL FOO pay u how much?
Or maybe u money stuck at ORION?
2019-10-16 10:39
moniekj
Orion
2019-10-07 08:54