Highlights

KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 14 Jul 2020, 5:37 PM

 

Daily Market Update - 5 Dec 2019 (CAELY, BPLANT)

Author:   |    Publish date:


Dow Jones: 27,649.78 pts (+146.97pts, +0.53%)
U.S. stockmarkets rebounded overnight as the Dow (+0.7%) snapped a three-day losing streak on reports that the phase-one trade deal between U.S. and China is making positive progress. The immediate resistance is located at 28,200.

FBM KLCI: 1,560.93 pts (-1.34pts, -0.09%)
The FBM KLCI (-0.1%) extended its' losses, mirroring the weakness across global equities, bogged down by weakness in telco heavyweights yesterday. The immediate resistance is located at 1,580.

Crude Palm Oil: RM2,773 (+RM26, +0.95%)
Crude palm oil prices extended its' gains, taking cue from the higher oil-related commodities, coupled with the weakness in Ringgit against the Greenback. The immediate resistance is located around RM2,800.

WTI Crude Oil: $58.43 (+$2.33, +4.15%)
Crude oil prices advanced for the third straight session on the first weekly decline in U.S. inventory level over the past six weeks. The immediate resistance is located at US$58.

Gold: $1,474.59 (-$3.02, -0.20%)
Gold prices retreated as demand for safe haven assets faded amid the positive sentimen surrounding Sino-U.S. trade progress. The immediate resistance is located around $1,500.

Economic Releases:
EU - Eurozone's Retail Sales, 6.00PM

M+ Online Technical Trading Stocks - 5 Dec 19

Stock Name: CAELY (7154)
Entry: Buy above RM0.415
Target: RM0.46 (10.8%), RM0.49 (18.1%)
Stop: RM0.38 (-8.4%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: BPLANT (5254)
Entry: Buy above RM0.68
Target: RM0.72 (5.9%), RM0.76 (11.8%)
Stop: RM0.645 (-5.1%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

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.

Share this
Labels: CAELY, BPLANT

Related Stocks

Chart Stock Name Last Change Volume 
CAELY 0.38 +0.02 (5.56%) 1,748,300 
BPLANT 0.35 -0.005 (1.41%) 6,438,000 

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Stock Screener using Technical and Fundamental criteria
MQ Affiliate
Join the MQ Affiliate Program today to earn rewards
 
 

298  640  530  486 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 PDZ 0.17-0.065 
 CAREPLS 1.76+0.27 
 COMFORT 3.84+0.41 
 SUPERMX-HB 0.19-0.045 
 MQTECH 0.0850.00 
 AT 0.085+0.005 
 IRIS 0.25-0.02 
 HLT-WA 0.45+0.04 
 HLT 0.73+0.075 
 VIVOCOM 0.040.00 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program
Partners & Brokers