KLSE Traders Update and Ideas

Daily Market Update - 13 Jun 2022

mplus313
Publish date: Mon, 13 Jun 2022, 08:43 AM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web. As I am a Dealer's Representative, I watch and follow the market quite closely, and send updates to my clients regularly.

The daily market update is usually sent out to client's mobile in the morning. While the market summary is sent out in the evening.

Want to receive the daily market update straight in your mobile phone? Open a trading account: http://klse.i3investor.com/jsp/partner/my/mplus.jsp

M+ Online Morning Market Buzz - 13 Jun 22

Dow Jones: 31,392.79 pts (-880.00pts, -2.73%)
⬆ Resistance:  34000
⬇ Support:  30800

FBM KLCI: 1,493.95 pts (-15.76pts, -1.04%)
⬆ Resistance:  1580
⬇ Support:  1470

HSI Index: 21,806.18 pts (-62.87pts, -0.29%)
⬆ Resistance:  22600
⬇ Support:  20700

Crude Palm Oil: RM5,920 (-RM290, -4.67%)
⬆ Resistance:  6750
⬇ Support:  5790

Brent Oil: $122.01 (-$1.06, -0.86%)
⬆ Resistance:  126.90
⬇ Support:  116.20

Gold: $1,871.60 (+$23.65, +1.28%)
⬆ Resistance:  1920
⬇ Support:  1790

M+ Online Technical Focus - 13 Jun 22
*Aeon Co. (M) Bhd: Boost from strong retail spending *

Trading Catalyst
• A leading general merchandise store cum supermarket chain, with 34 AEON Stores, 28 AEON Mall, 21 AEON BiG, 9 AEON MaxValu Prime, 65 AEON Wellness, 42 Daiso and 3 Komai-so across Malaysia.
• Focus onto digitalisation, innovation and sustainability through their sustainable digital transformation journey in their online platform, myAEON2go.
• Retail sales will remain driven by the special RM10,000 withdrawal facility from the Employees Provident Fund.
• Technically, traders may anticipate for a potential breakout above RM1.56, targeting the next resistances at RM1.69-1.75 with long term target set at RM1.80.

Technical View

(i) AEON (S: RM1.42, R: RM1.69-1.75, LT TP: RM1.80, CL: RM1.41)

S: Support, R: Resistance, LT TP: Long term target price, CL: Cut loss

Economic Releases For The Week (13/6/2022-17/6/2022):

13/6/2022
UK - United Kingdom's Industrial Production, 2:00PM
UK - United Kingdom's Manufacturing Production, 2:00PM

14/6/2022
JP - Japan's Industrial Production, 12:30PM
UK - United Kingdom's Unemployment Rate, 2:00PM
EU - Eurozone's Industrial Production, 5:00PM
EU - Eurozone's ZEW Economic Sentiment, 5.00PM
US - United States' Producer Price Index, 8:30PM

15/6/2022
JP - Japan's Machinery Orders, 7:50AM
CN - China's Industrial Production, 10:00AM
CN - China's Retail Sales, 10:00AM
CN - China's Unemployment Rate, 10:00AM
US - United States' Retail Sales, 8:30PM

16/6/2022
US - United States' Federal Reserve Interest Rate Decision, 2:00AM
UK - United Kingdom's Bank of England's Interest Rate Decision, 7:00PM

17/6/2022
JP - Japan's Bank of Japan's Interest Rate Decision, 11:00AM
UK - United Kingdom's Retail Sales, 2:00PM
EU - Eurozone's Inflation Rate, 5:00PM
US - United States' Industrial Production, 9:15PM
US - United States' Manufacturing Production, 9:15PM

Source: Bloomberg, M+ Online

 

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

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