KLSE Traders Update and Ideas

Daily Market Update - 1 Jun 2023 (INFOM, GASMSIA)

Publish date: Thu, 01 Jun 2023, 08:49 AM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Morning Market Buzz - 1 Jun 23

Dow Jones: 32,908.27 pts (-134.51pts, -0.41%)
⬆️ Resistance:  33900
⬇️ Support:  32000

FBM KLCI: 1,387.12 pts (-9.79pts, -0.70%)
⬆️ Resistance:  1440
⬇️ Support:  1360

HSI Index: 18,234.27 pts (-361.51pts, -1.94%)
⬆️ Resistance:  19400
⬇️ Support:  17700

Crude Palm Oil: RM3,247 (+RM46, +1.44%)
⬆️ Resistance:  3660
⬇️ Support:  3140

Brent Oil: $72.60 (-$1.11, -1.51%)
⬆️ Resistance:  80.10
⬇️ Support:  70.00

Gold: $1,962.73 (+$3.40, +0.17%)
⬆️ Resistance:  2020
⬇️ Support:  1900

Source: Bloomberg, M+ Online

M+ Online Technical Trading Stocks - 1 Jun 23

Stock Name: INFOM (0265)
Entry: Buy above RM1.52
Target: RM1.66 (9.2%), RM1.73 (13.8%)
Stop: RM1.43 (-5.9%)
Shariah: Yes
Technical: Hammer candle

Stock Name: GASMSIA (5209)
Entry: Buy above RM3.10
Target: RM3.18 (2.6%), RM3.29 (6.1%)
Stop: RM3.03 (-2.3%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online



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