KLSE Traders Update and Ideas

Daily Market Update - 11 Jun 2020 (LHI, PUNCAK)

mplus313
Publish date: Thu, 11 Jun 2020, 08:14 AM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 26,989.99 pts (-282.31pts, -1.04%)
⬆ Resistance:  28200
⬇ Support:  25600

FBM KLCI: 1,575.27 pts (+0.11pts, +0.01%)
⬆ Resistance:  1630
⬇ Support:  1520

Crude Palm Oil: RM2,349 (-RM39, -1.63%)
⬆ Resistance:  2480
⬇ Support:  2260

Brent Oil: $41.73 (+$0.55, +1.34%)
⬆ Resistance:  44.3
⬇ Support:  38.3

Gold: $1,738.70 (+$23.37, +1.36%)
⬆ Resistance:  1780
⬇ Support:  1640

M+ Online Technical Trading Stocks - 11 Jun 20

Stock Name: LHI (6633)
Entry: Buy above RM0.665
Target: RM0.700 (5.3%), RM0.720 (8.3%)
Stop: RM0.640 (-3.8%)
Shariah: No
Technical: Flag-formation breakout

Stock Name: PUNCAK (6807)
Entry: Buy above RM0.235
Target: RM0.255 (8.5%), RM0.265 (12.8%)
Stop: RM0.215 (-8.5%)
Shariah: Yes
Technical: Short-term consolidation breakout

Source: Bloomberg, M+ Online

 

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