KLSE Traders Update and Ideas

Daily Market Update - 6 Mar 2020 (FRONTKN, TGUAN)

mplus313
Publish date: Fri, 06 Mar 2020, 08:44 AM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 26,121.28 pts (-969.58pts, -3.58%)
⬆ Resistance: 27,200
⬇ Support: 25,400

FBM KLCI: 1,491.03 pts (+1.08pts, +0.07%)
⬆ Resistance: 1,510
⬇ Support: 1,450

Crude Palm Oil: RM2,524 (+RM29, +1.16%)
⬆ Resistance: 2,550
⬇ Support: 2,400

WTI Crude Oil: $45.90 (+$0.18, +0.39%)
⬆ Resistance: 50.00
⬇ Support: 42.00

Gold: $1,672.23 (+$35.30, +2.15%)
⬆ Resistance: 1,700
⬇ Support: 1,600

M+ Online Technical Trading Stocks - 6 Mar 20

Stock Name: FRONTKN (0128)
Entry: Buy above RM2.35
Target: RM2.61 (11.1%), RM2.68 (14.0%)
Stop: RM2.15 (-8.5%)
Shariah: Yes
Technical: Monitor for trendline breakout

Stock Name: TGUAN (7034)
Entry: Buy above RM3.88
Target: RM4.20 (8.2%), RM4.32 (11.3%)
Stop: RM3.65 (-5.9%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

 

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