KLSE Traders Update and Ideas

Daily Market Update - 27 Mar 2023 (PPJACK, EWEIN)

mplus313
Publish date: Mon, 27 Mar 2023, 08:40 AM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Morning Market Buzz - 27 Mar 23 
 
Dow Jones: 32,237.53 pts (+132.28pts, +0.41%) 
⬆️ Resistance:  33500 
⬇️ Support:  31200 
 
FBM KLCI: 1,399.70 pts (-11.28pts, -0.80%) 
⬆️ Resistance:  1450 
⬇️ Support:  1380 
 
HSI Index: 19,915.68 pts (-133.96pts, -0.67%) 
⬆️ Resistance:  20600 
⬇️ Support:  18500 
 
Crude Palm Oil: RM3,512 (-RM57, -1.60%) 
⬆️ Resistance:  3990 
⬇️ Support:  3430 
 
Brent Oil: $74.99 (+$0.43, +0.57%) 
⬆️ Resistance:  79.00 
⬇️ Support:  68.80 
 
Gold: $1,978.21 (-$15.19, -0.76%) 
⬆️ Resistance:  2050 
⬇️ Support:  1900 
 
M+ Online Technical Trading Stocks - 27 Mar 23 
 
Stock Name: PPJACK (0242) 
Entry: Buy above RM0.54 
Target: RM0.56 (3.7%), RM0.58 (7.4%) 
Stop: RM0.52 (-3.7%) 
Shariah: No 
Technical: Monitor for breakout 
 
Stock Name: EWEIN (7249) 
Entry: Buy above RM0.63 
Target: RM0.675 (7.1%), RM0.70 (11.1%) 
Stop: RM0.60 (-4.8%) 
Shariah: Yes 
Technical: Monitor for breakout 
 

Source: Bloomberg, M+ Online

Economic Releases For The Week (27/3/2023-31/3/2023):

27/3/2023

MY - Malaysia's Producer Price Index, 12.00PM

28/3/2023

US - United States' Consumer Confidence, 10.00PM

29/3/2023

US - United States' Pending Home Sales, 10.00PM

30/3/2023
EU - Eurozone's Economic Sentiment, 5.00PM
EU - Eurozone's Industrial Sentiment, 5.00PM
EU - Eurozone's Services Sentiment, 5.00PM
EU - Eurozone's Consumer Confidence, 5.00PM

US - United States' 4Q22 GDP Growth Rate, 8.30PM

31/3/2023
JP - Japan's Unemployment Rate, 7.30AM
JP - Japan's Retail Sales, 7.50AM
JP - Japan's Industrial Production, 7.50AM
CN - China's NBS Manufacturing PMI, 9.30AM
CN - China's Non Manufacturing PMI, 9.30AM
UK - United Kingdom's 4Q22 GDP Growth Rate, 2.00PM
EU - Eurozone's Unemployment Rate, 5.00PM
US - United States' Chicago PMI, 9.45PM

US - United States' Michigan Consumer Sentiment, 10.00PM

Source: Bloomberg, M+ Online

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