Forwarded from M+ On-The-Go
M+ Online Morning Buzz - 25Sep17
Dow Jones: 22,349.59 pts (-9.64pts, -0.04%)
U.S. stockmarkets closed mixed last Friday as the Dow ended marginally lower on weakness in Apple Inc (-1.0%) coupled with the concern over the escalating tension with North Korea. The immediate resistance is located at 22,500.
FBM KLCI: #N/A N/A pts (-2.54pts, -0.14%)
The FBM KLCI (-0.1%) ended lower ahead of the extended weekend break. The immediate resistance is located at 1,800.
Crude Palm Oil: RM2,737 (-RM33, -1.19%)
Crude palm oil prices retreated and subsequently recorded its worst weekly session, taking cue from the weakness in soybean oil prices coupled with the anticipation of rising production in September 2017. The immediate support is envisaged around RM2,700.
WTI Crude Oil: $50.66 (+$0.11, +0.22%)
Crude oil prices chalked in minor gains ahead of the OPEC meeting. The immediate resistance is located at US$52.
Gold: $1,297.30 (+$6.10, +0.47%)
Gold prices rebounded after North Korea's hydrogen bomb threat boost safe haven assets. The immediate resistance will be pegged around US$1,350.
Bursa Malaysia Trade Statistics - 21Sep17
Institutions: Net BUY 148.6 mln (53.7%)
Retail: Net BUY 34.8 mln (25.9%)
Foreign: Net SELL 183.4 mln (20.4%)
Potential Momentum Stocks - 25Sep17
Stock Name: BAUTO (5248)
Entry: Buy above RM2.09
Target: RM2.20 (5.3%), RM2.30 (10.0%)
Stop: RM2.00 (-4.3%)
Shariah: Yes
Technical: Breakout-pullback-continuation
Stock Name: CUSCAPI (0051)
Entry: Buy above RM0.29
Target: RM0.31 (6.9%), RM0.32 (10.3%)
Stop: RM0.275 (-5.2%)
Shariah: Yes
Technical: Consolidation breakout
Source: Bloomberg, M+ Online
Dow Jones: 22,349.59 pts (-9.64pts, -0.04%)
U.S. stockmarkets closed mixed last Friday as the Dow ended marginally lower on weakness in Apple Inc (-1.0%) coupled with the concern over the escalating tension with North Korea. The immediate resistance is located at 22,500.
FBM KLCI: #N/A N/A pts (-2.54pts, -0.14%)
The FBM KLCI (-0.1%) ended lower ahead of the extended weekend break. The immediate resistance is located at 1,800.
Crude Palm Oil: RM2,737 (-RM33, -1.19%)
Crude palm oil prices retreated and subsequently recorded its worst weekly session, taking cue from the weakness in soybean oil prices coupled with the anticipation of rising production in September 2017. The immediate support is envisaged around RM2,700.
WTI Crude Oil: $50.66 (+$0.11, +0.22%)
Crude oil prices chalked in minor gains ahead of the OPEC meeting. The immediate resistance is located at US$52.
Gold: $1,297.30 (+$6.10, +0.47%)
Gold prices rebounded after North Korea's hydrogen bomb threat boost safe haven assets. The immediate resistance will be pegged around US$1,350.
Bursa Malaysia Trade Statistics - 21Sep17
Institutions: Net BUY 148.6 mln (53.7%)
Retail: Net BUY 34.8 mln (25.9%)
Foreign: Net SELL 183.4 mln (20.4%)
Potential Momentum Stocks - 25Sep17
Stock Name: BAUTO (5248)
Entry: Buy above RM2.09
Target: RM2.20 (5.3%), RM2.30 (10.0%)
Stop: RM2.00 (-4.3%)
Shariah: Yes
Technical: Breakout-pullback-continuation
Stock Name: CUSCAPI (0051)
Entry: Buy above RM0.29
Target: RM0.31 (6.9%), RM0.32 (10.3%)
Stop: RM0.275 (-5.2%)
Shariah: Yes
Technical: Consolidation breakout
Source: Bloomberg, M+ Online
M+ Morning Market Buzz - 14Jul25
Dow Jones: 44,371.51 pts (-279.13pts, -0.63%)
⬆️ Resistance: 45700
⬇️ Support: 43300
FBM KLCI: #N/A Requesting Data... pts (-0.45pts, #N/A Requesting Data...%)
⬆️ Resistance: 1580
⬇️ Support: 1500
HSI Index: 24,139.57 pts (+111.20pts, +0.46%)
⬆️ Resistance: 25000
⬇️ Support: 23300
Crude Palm Oil: RM4,174 (+RM28, +0.68%)
⬆️ Resistance: 4320
⬇️ Support: 3960
Brent Oil: $70.36 (+$1.72, +2.51%)
⬆️ Resistance: 72.20
⬇️ Support: 65.90
Gold: $3,355.59 (+$31.54, +0.95%)
⬆️ Resistance: 3440
⬇️ Support: 3220
Source: Bloomberg, M+
Dow Jones: 44,371.51 pts (-279.13pts, -0.63%)
⬆️ Resistance: 45700
⬇️ Support: 43300
FBM KLCI: #N/A Requesting Data... pts (-0.45pts, #N/A Requesting Data...%)
⬆️ Resistance: 1580
⬇️ Support: 1500
HSI Index: 24,139.57 pts (+111.20pts, +0.46%)
⬆️ Resistance: 25000
⬇️ Support: 23300
Crude Palm Oil: RM4,174 (+RM28, +0.68%)
⬆️ Resistance: 4320
⬇️ Support: 3960
Brent Oil: $70.36 (+$1.72, +2.51%)
⬆️ Resistance: 72.20
⬇️ Support: 65.90
Gold: $3,355.59 (+$31.54, +0.95%)
⬆️ Resistance: 3440
⬇️ Support: 3220
Source: Bloomberg, M+