TheBursa Analyst:
Wednesday, 28 September 2016
Dear Traders,
The KLCI closed lower at 1664.72. Since yesterday the market is still undecided which direction to go, whether to continue up or go down. However looking at the bullishness around us, I am expecting Wednesday to be bullish as well.
Australia’s S&P/ASX 200, and the German DAX showed sign of slight bearishness while,
China A50, Taiwan Weighted, Korea’s KOSPI, Indonesia’s IDX, HSI and the Japan Nikkei is bullish after a slump Monday.
• The USD STRENGHTENED against our MYR and opened at 4.1375.
• Crude Oil prices opened lower at 45.63 after the hope OPEC give us to Freeze Oil Production seems to be fading again after they have set for a NO DEAL on oil output as the Saudis and IRAN at loggerheads, stating that it is not the time to make decision. However there will be another meeting which they will ‘try’ to reach an agreement on 30 November in Vienna.
DJIA opened at 18,099 and seems to be recovering after Hilary trumps Trump in the first presidential debate!
Moving Stocks to watch (28/ September) :
SUNCON: Monitor this counter, possible spike soon. Cut if close below RM1.60
PESTECH: Mentioned yesterday and today BIG ROCKET! I think it will have one more day of show before some pull back. Cut if break 1.64 support.
SUPERLN: Result seems good, but there is a big fall right before result out. Possibly to go higher, cut loss if close below 2.33
Let Wednesday Be Hot after the fake freeze !
—————–#######
Dzulhilman M+ WM PR Traders:
Salam and Morning All
MACRO : Consumer and technology stocks, including Amazon, led gains on Wall Street on Tuesday, while a perceived win by Democrat Hillary Clinton in Monday’s first presidential debate gave broader support to equities (investing .com).
MICRO : Market fell futher yesterday. However towards the closing, volume starts to build up and support seems to hold in many active counters.
WHAT TO EXPECT? : Market might take a rebound today. Counters that has formed short term support should be in close view as high chances that it may take flight today. GLC related counters has been quite for the pass few days, many will have T4′s either today or tomorrow. Worth to have a relook on support area. Market remains volatile. Best strategy is to buy on support, sell on breakouts/resistant.
Below are my Watch list (28/09/2016)
LIIHEN
EP : ABOVE 3.090
SL : BELOW 3.050
TP : 4.300
SALUTE
EP : ABOVE 1.340
SL : BELOW 1.280
TP :
+++++++++++++++++++
Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS WEDNESDAY (28/09/2016):
FBMKLCI FAKE HOPE ALL AROUND
Dear All,
The FBMKLCI closed lower at -4.78 point or 0.29% to close at 1664.72.
FBMKLCI continue fall although seem some support however I am bearish at the moment. Market remain very weak.
DJIA future turn bullish at morning session after First USA President debate, but fake hope all around, we shall see what will happen next. DJIA movement very uncertain but pointing downwards. Careful rather than fearful !
Don’t be too rush in making decision when market is not stable.
While oil falling further again, we see AAX, AIRASIA as the biggest benefiary !
Follow us, we will not simply give any stock picks everyday :
https://telegram.me/ltachannel !
Everyside of the story only useful when come true this Wednesday !
“Goreng Tetap Goreng” !
Yours Sincerely,
Logic Trading Analysis
++++++++++++++
KLSE StockAlliance:
28/9/2016 Stock Picks
1. PESTECH / KAREX / MBWORLD
2. ILB / PWF / SUNSURIA
3. ASTINO / WILLOW / CCM
+++++++++++++++
RHB♦Investment Bank
Dear Value Clients,
Potential stocks to buy today:
Date/日期 : 28/09/2016
1) *PESTECH (5219)*
Price/现价 : 1.66
Target price/目标价: 1.76/1.88
Cut loss/止损价 : 1.57
**Syariah
Sector/领域: Trading/Services
2) *SCIENTX (4731)*
Price/现价 : 6.52
Target price/目标价: 7.50
Cut loss/止损价 : 6.08
**Syariah
Sector/领域: Industrial Product
3) *HARTA (5168)*
Price/现价 : 4.68
Target price/目标价: 5.10
Cut loss/止损价 : 4.30
**Syariah
Sector/领域: Industrial Product
4) *TOPGLOV (7113)*
Price/现价 : 5.00
Target price/目标价: 5.30/5.51
Cut loss/止损价 : 4.60
**Syariah
Sector/领域: Industrial Product
5) *KOSSAN (7153)*
Price/现价 : 6.87
Target price/目标价: 7.50/8.00
Cut loss/止损价 : 6.18
**Syariah
Sector/领域: Industrial Product
_Source : RHB RESEARCH INSTITUTE_
++++++++++++++
UOBKH Retail Market Monitor 28 September 2016
FBMKLCI 1,664.72 (-4.78,-0.29%)
Support: 1,648, 1,640
Resistance: 1,692, 1,700
Top Gainers: Axiata Group (+1.49%), YTL Corporation (+1.12%) and
British American Tobacco (+1.09%)
Top Losers: IHH Healthcare (-1.87%), RHB Bank (-1.67%) and Genting Bhd (-1.48%)
Stocks to watch:
1) CAREPLUS GROUP; Technical Buy with +43.7% potential return
*Last: RM0.320 Target: RM0.430, RM0.510 Stop: RM0.290
*Timeframe: 2 weeks to 2 months
2) DUFU TECHNOLOGY CORPORATION; Technical BUY with +20.5% potential return
*Last: RM0.650 Target: RM0.795, RM0.870, Stop: RM0.595
*Timeframe: 2 weeks to 2 months
3) FOCUS LUMBER; Technical BUY with +24.4% potential return
*Last: RM1.59 Target: RM1.89 RM2.04, Stop: RM1.44
*Timeframe: 2 weeks to 2 months
+++++++++++++++
FAt TA:
M+ Online Morning Buzz – 28Sep16
Dow Jones: 18,228.30 pts (+133.47pts, +0.74%)
After the presidential debate, U.S. stockmarkets rebounded off the 18,000 level on the back of bargain hunting activities as U.S. services PMI rose stronger-than-expected in September. Next resistance will be located around the 18,400 level.
FBM KLCI: 1,664.72 pts (-4.78pts, -0.29%)
The FBM KLCI may rebound higher, tracking the gains from the overseas market. Upside target might be envisaged around the 1,680 level.
Crude Palm Oil: RM2,663 (-RM52, -1.92%)
Crude palm oil price ended on a negative note, in tandem with the softer soybean oil prices. CPO may fluctuate in a volatile manner near the RM2,700 level over the near term.
WTI Crude Oil: $44.67 (-$1.26, -2.76%)
Crude oil pulled back near the US$46 level as hopes for production freeze in an informal OPEC meeting faded. Crude oil may trade between the US$43-US$46 levels.
Gold: $1,327.32 (-$10.63, -0.79%)
Gold traded lower on the back of stronger US dollar as consumer confidence rose in September to the highest since before the last recession.
Economic Releases:
US – Core Durable Goods Orders – 28Sep16, 8:30PM
US – Crude oil inventories – 28Sep16, 10:30PM
Bursa Malaysia Trade Statistics – 27Sep16
Institutions: Net BUY 80.7 mln (59.9%)
Retail: Net BUY 19.7 mln (14.8%)
Foreign: Net SELL 100.4 mln (25.3%)
Potential Momentum Stocks – 28Sep16
Stock Name: FLBHD (5197)
Entry: Buy above RM1.59
Target: RM1.70 (6.9%), RM1.79 (12.6%)
Stop: RM1.54 (-3.1%)
Shariah: No
Technical: Potential flag formation breakout
Stock Name: ILB (5614)
Entry: Buy above RM0.83
Target: RM0.90 (8.4%), RM1.00 (20.5%)
Stop: RM0.79 (-4.8%)
Shariah: No
Technical: Short term breakout
Source: Bloomberg, M+ Online
FAt TA:
Uob Kay Hian Daily Top Pick, 28 Sep 2016
Carepls, 0163
Close, 0.32
Buy TP, 0.43, 0.51 (breakout, 0.355)
Support, 0.295
SL, 0.29
Time Frame, 2 Weeks to 2 Months
Dufu, 7233
Close, 0.65
Buy, TP, 0.795, 0.87
Breakout, 0.66
Support, 0.60
SL, 0.595
Time frame 2 weeks to 2 months
Flbhd, 5197
Close, 1.59
Buy TP, 1.89, 2.04
(Breakout, 1.64)
Support, 1.45
SL, 1.44
Time frame, 2 weeks to 2 months
Views – 236
Analisis 28/09/2016
TheBursa Analyst:
Wednesday, 28 September 2016
Dear Traders,
The KLCI closed lower at 1664.72. Since yesterday the market is still undecided which direction to go, whether to continue up or go down. However looking at the bullishness around us, I am expecting Wednesday to be bullish as well.
Australia’s S&P/ASX 200, and the German DAX showed sign of slight bearishness while,
China A50, Taiwan Weighted, Korea’s KOSPI, Indonesia’s IDX, HSI and the Japan Nikkei is bullish after a slump Monday.
• The USD STRENGHTENED against our MYR and opened at 4.1375.
• Crude Oil prices opened lower at 45.63 after the hope OPEC give us to Freeze Oil Production seems to be fading again after they have set for a NO DEAL on oil output as the Saudis and IRAN at loggerheads, stating that it is not the time to make decision. However there will be another meeting which they will ‘try’ to reach an agreement on 30 November in Vienna.
DJIA opened at 18,099 and seems to be recovering after Hilary trumps Trump in the first presidential debate!
Moving Stocks to watch (28/ September) :
SUNCON: Monitor this counter, possible spike soon. Cut if close below RM1.60
PESTECH: Mentioned yesterday and today BIG ROCKET! I think it will have one more day of show before some pull back. Cut if break 1.64 support.
SUPERLN: Result seems good, but there is a big fall right before result out. Possibly to go higher, cut loss if close below 2.33
Let Wednesday Be Hot after the fake freeze !
—————–#######
Dzulhilman M+ WM PR Traders:
Salam and Morning All
MACRO : Consumer and technology stocks, including Amazon, led gains on Wall Street on Tuesday, while a perceived win by Democrat Hillary Clinton in Monday’s first presidential debate gave broader support to equities (investing .com).
MICRO : Market fell futher yesterday. However towards the closing, volume starts to build up and support seems to hold in many active counters.
WHAT TO EXPECT? : Market might take a rebound today. Counters that has formed short term support should be in close view as high chances that it may take flight today. GLC related counters has been quite for the pass few days, many will have T4′s either today or tomorrow. Worth to have a relook on support area. Market remains volatile. Best strategy is to buy on support, sell on breakouts/resistant.
Below are my Watch list (28/09/2016)
LIIHEN
EP : ABOVE 3.090
SL : BELOW 3.050
TP : 4.300
SALUTE
EP : ABOVE 1.340
SL : BELOW 1.280
TP :
+++++++++++++++++++
Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS WEDNESDAY (28/09/2016):
FBMKLCI FAKE HOPE ALL AROUND
Dear All,
The FBMKLCI closed lower at -4.78 point or 0.29% to close at 1664.72.
FBMKLCI continue fall although seem some support however I am bearish at the moment. Market remain very weak.
DJIA future turn bullish at morning session after First USA President debate, but fake hope all around, we shall see what will happen next. DJIA movement very uncertain but pointing downwards. Careful rather than fearful !
Don’t be too rush in making decision when market is not stable.
While oil falling further again, we see AAX, AIRASIA as the biggest benefiary !
Follow us, we will not simply give any stock picks everyday :
https://telegram.me/ltachannel !
Everyside of the story only useful when come true this Wednesday !
“Goreng Tetap Goreng” !
Yours Sincerely,
Logic Trading Analysis
++++++++++++++
KLSE StockAlliance:
28/9/2016 Stock Picks
1. PESTECH / KAREX / MBWORLD
2. ILB / PWF / SUNSURIA
3. ASTINO / WILLOW / CCM
+++++++++++++++
RHB♦Investment Bank
Dear Value Clients,
Potential stocks to buy today:
Date/日期 : 28/09/2016
1) *PESTECH (5219)*
Price/现价 : 1.66
Target price/目标价: 1.76/1.88
Cut loss/止损价 : 1.57
**Syariah
Sector/领域: Trading/Services
2) *SCIENTX (4731)*
Price/现价 : 6.52
Target price/目标价: 7.50
Cut loss/止损价 : 6.08
**Syariah
Sector/领域: Industrial Product
3) *HARTA (5168)*
Price/现价 : 4.68
Target price/目标价: 5.10
Cut loss/止损价 : 4.30
**Syariah
Sector/领域: Industrial Product
4) *TOPGLOV (7113)*
Price/现价 : 5.00
Target price/目标价: 5.30/5.51
Cut loss/止损价 : 4.60
**Syariah
Sector/领域: Industrial Product
5) *KOSSAN (7153)*
Price/现价 : 6.87
Target price/目标价: 7.50/8.00
Cut loss/止损价 : 6.18
**Syariah
Sector/领域: Industrial Product
_Source : RHB RESEARCH INSTITUTE_
++++++++++++++
UOBKH Retail Market Monitor 28 September 2016
FBMKLCI 1,664.72 (-4.78,-0.29%)
Support: 1,648, 1,640
Resistance: 1,692, 1,700
Top Gainers: Axiata Group (+1.49%), YTL Corporation (+1.12%) and
British American Tobacco (+1.09%)
Top Losers: IHH Healthcare (-1.87%), RHB Bank (-1.67%) and Genting Bhd (-1.48%)
Stocks to watch:
1) CAREPLUS GROUP; Technical Buy with +43.7% potential return
*Last: RM0.320 Target: RM0.430, RM0.510 Stop: RM0.290
*Timeframe: 2 weeks to 2 months
2) DUFU TECHNOLOGY CORPORATION; Technical BUY with +20.5% potential return
*Last: RM0.650 Target: RM0.795, RM0.870, Stop: RM0.595
*Timeframe: 2 weeks to 2 months
3) FOCUS LUMBER; Technical BUY with +24.4% potential return
*Last: RM1.59 Target: RM1.89 RM2.04, Stop: RM1.44
*Timeframe: 2 weeks to 2 months
+++++++++++++++
FAt TA:
M+ Online Morning Buzz – 28Sep16
Dow Jones: 18,228.30 pts (+133.47pts, +0.74%)
After the presidential debate, U.S. stockmarkets rebounded off the 18,000 level on the back of bargain hunting activities as U.S. services PMI rose stronger-than-expected in September. Next resistance will be located around the 18,400 level.
FBM KLCI: 1,664.72 pts (-4.78pts, -0.29%)
The FBM KLCI may rebound higher, tracking the gains from the overseas market. Upside target might be envisaged around the 1,680 level.
Crude Palm Oil: RM2,663 (-RM52, -1.92%)
Crude palm oil price ended on a negative note, in tandem with the softer soybean oil prices. CPO may fluctuate in a volatile manner near the RM2,700 level over the near term.
WTI Crude Oil: $44.67 (-$1.26, -2.76%)
Crude oil pulled back near the US$46 level as hopes for production freeze in an informal OPEC meeting faded. Crude oil may trade between the US$43-US$46 levels.
Gold: $1,327.32 (-$10.63, -0.79%)
Gold traded lower on the back of stronger US dollar as consumer confidence rose in September to the highest since before the last recession.
Economic Releases:
US – Core Durable Goods Orders – 28Sep16, 8:30PM
US – Crude oil inventories – 28Sep16, 10:30PM
Bursa Malaysia Trade Statistics – 27Sep16
Institutions: Net BUY 80.7 mln (59.9%)
Retail: Net BUY 19.7 mln (14.8%)
Foreign: Net SELL 100.4 mln (25.3%)
Potential Momentum Stocks – 28Sep16
Stock Name: FLBHD (5197)
Entry: Buy above RM1.59
Target: RM1.70 (6.9%), RM1.79 (12.6%)
Stop: RM1.54 (-3.1%)
Shariah: No
Technical: Potential flag formation breakout
Stock Name: ILB (5614)
Entry: Buy above RM0.83
Target: RM0.90 (8.4%), RM1.00 (20.5%)
Stop: RM0.79 (-4.8%)
Shariah: No
Technical: Short term breakout
Source: Bloomberg, M+ Online
FAt TA:
Uob Kay Hian Daily Top Pick, 28 Sep 2016
Carepls, 0163
Close, 0.32
Buy TP, 0.43, 0.51 (breakout, 0.355)
Support, 0.295
SL, 0.29
Time Frame, 2 Weeks to 2 Months
Dufu, 7233
Close, 0.65
Buy, TP, 0.795, 0.87
Breakout, 0.66
Support, 0.60
SL, 0.595
Time frame 2 weeks to 2 months
Flbhd, 5197
Close, 1.59
Buy TP, 1.89, 2.04
(Breakout, 1.64)
Support, 1.45
SL, 1.44
Time frame, 2 weeks to 2 months
Views – 236