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



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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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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 

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