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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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.

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