KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 13 Oct 2020, 5:16 PM


Daily Market Update - 13 Oct 2020 (SCIB, LKL)

Author:   |    Publish date:

Dow Jones: 28,837.52 pts (+250.62pts, +0.88%)
⬆ Resistance:  29600
⬇ Support:  27200

FBM KLCI: 1,518.43 pts (-11.92pts, -0.78%)
⬆ Resistance:  1570
⬇ Support:  1460

HSI Index: 24,649.68 pts (+530.55pts, +2.20%)
⬆ Resistance:  25200
⬇ Support:  23400

Crude Palm Oil: RM2,994 (+RM83, +2.85%)
⬆ Resistance:  3010
⬇ Support:  2720

Brent Oil: $41.72 (-$1.13, -2.64%)
⬆ Resistance:  44.50
⬇ Support:  40.40

Gold: $1,922.77 (-$7.63, -0.40%)
⬆ Resistance:  1970
⬇ Support:  1840

M+ Online Technical Trading Stocks - 13 Oct 20

Stock Name: SCIB (9237)
Entry: Buy around RM3.70
Target: RM3.85 (4.1%), RM3.93 (6.2%)
Stop: RM3.60 (-2.7%)
Shariah: Yes
Technical: Resistance breakout

Stock Name: LKL (0182)
Entry: Buy above RM1.03
Target: RM1.12 (8.7%), RM1.20 (16.5%)
Stop: RM0.995 (-3.4%)
Shariah: Yes
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online



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.

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