KLSE Traders Update and Ideas

Daily Market Update - 2 Mar 2020 (KPJ, IGBREIT)

mplus313
Publish date: Mon, 02 Mar 2020, 08:38 AM
mplus313
0 3,760
This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 25,409.36 pts (-357.28pts, -1.39%)
⬆ Resistance: 27,200
⬇ Support: 25,000

FBM KLCI: 1,482.64 pts (-22.95pts, -1.52%)
⬆ Resistance: 1,515
⬇ Support: 1,475

Crude Palm Oil: RM2,319 (-RM140, -5.69%)
⬆ Resistance: 2,400
⬇ Support: 2,300

WTI Crude Oil: $44.76 (-$0.64, -1.43%)
⬆ Resistance: 47.00
⬇ Support: 42.00

Gold: $1,585.69 (-$59.32, -3.60%)
⬆ Resistance: 1,650
⬇ Support: 1,500

M+ Online Technical Trading Stocks - 2 Mar 20

Stock Name: KPJ (5878)
Entry: Buy above RM0.97
Target: RM1.01 (4.1%), RM1.04 (7.2%)
Stop: RM0.945 (-2.6%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: IGBREIT (5227)
Entry: Buy above RM1.96
Target: RM2.01 (2.6%), RM2.06 (5.1%)
Stop: RM1.92 (-2.0%)
Shariah: No
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

Economic Releases For The Week (2/3/2020-6/3/2020):

2/3/2020
JP - Japan's Jibun Bank Manufacturing PMI, 8.30AM
MY - Malaysia's Markit Manufacturing PMI, 8.30AM
CN - China's Caixin Manufacturing PMI, 9.45AM
EU - Eurozone's Markit Manufacturing PMI, 5.00PM
UK - United Kingdom's Markit Manufacturing PMI, 5.30PM
US - United States' Markit Manufacturing PMI, 10.45PM
US - United States' ISM Manufacturing PMI, 11.00PM

3/3/2020
MY - Malaysia's Bank Negara's Interest Rate Decision, 3.00PM
EU - Eurozone's Unemployment Rate, 6.00PM
EU - Eurozone's Producer Price Index, 6.00PM

4/3/2020
JP - Japan's Jibun Bank Services PMI, 8.30AM
JP - Japan's Jibun Bank Composite PMI, 8.30AM
CN - China's Caixin Services PMI, 9.45AM
CN - China's Caixin Composite PMI, 9.45AM
EU - Eurozone's Markit Composite PMI, 5.00PM
EU - Eurozone's Markit Services PMI, 5.00PM
UK - United Kingdom's Markit Composite PMI, 5.00PM
UK - United Kingdom's Markit Services PMI, 5.00PM
EU - Eurozone's Retail Sales, 6.00PM
US - United States' Markit Services PMI, 10.45PM
US - United States' Markit Composite PMI, 10.45PM
US - United States' ISM Non-Manufacturing PMI, 11.00PM

6/3/2020
US - United States' Unemployment Rate, 9.30PM

Source: Trading Economics, M+ Online

 

 

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