Highlights

KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 18 Oct 2019, 5:19 PM

 

Daily Market Update - 10 May 2019 (FRONTKN, 3A)

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Dow Jones: 25,828.36 pts (-138.97pts, -0.54%)
U.S. stockmarkets trended lower as the Dow fell 0.5% overnight on mounting concern over the Sino-U.S. trade dispute. The immediate support is located at 25,200.

FBM KLCI: 1,618.53 pts (-15.02pts, -0.92%)
The FBM KLCI (-0.9%) extended its losses in tandem with the negative performance across its regional peers yesterday. The immediate support is located at 1,610.

Crude Palm Oil: RM2,005 (-RM32, -1.57%)
Crude palm oil prices extended its losses on concern over rising output will continue to outweigh the sluggish demand. The immediate support is located around RM1,940.

WTI Crude Oil: $61.70 (-$0.42, -0.68%)
Crude oil prices retreated as concern over U.S.-China trade negotiation offsets the global supply disruptions. The immediate resistance is located at US$67.

Gold: $1,284.08 (+$3.20, +0.25%)
Gold prices rebounded amid the looming imposition of additional tariffs in Chinese goods takes place. The immediate resistance is located around $1,300.

Economic Releases:
MY - Malaysia's Unemployment Rate, 12.00PM
MY - Malaysia's Industrial Production, 12.00PM
MY - Malaysia's Retail Sales, 12.00PM
UK - United Kingdom's Industrial Production, 4.30PM
UK - United Kingdom's Manufacturing Production, 4.30PM

Technical Trading Stocks - 10 May 19 
Stock Name: FRONTKN (0128)
Entry: Buy above RM1.33
Target: RM1.43 (7.5%), RM1.50 (12.8%)
Stop: RM1.27 (-4.5%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: 3A (0012)
Entry: Buy above RM0.91
Target: RM0.985 (8.2%), RM1.02 (12.1%)
Stop: RM0.885 (-2.7%)
Shariah: Yes
Technical: Monitor for 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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Labels: FRONTKN, 3A

Related Stocks

Chart Stock Name Last Change Volume 
FRONTKN 1.90 +0.10 (5.56%) 8,863,900 
3A 0.795 -0.005 (0.62%) 35,000 

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