https://www.thestar.com.my/business/business-news/2024/11/12/trading-ideas-kerjaya-prospek-tcs-dxn-tmc-ecoscience-kti-destini-azam-jaya-xin-hwa-mega-fortris-carzo-ctos-southern-steel
itchy itchy Trader club ( iiTc )
@itchyitchytraderclub
Disclaimer :
This channel is designed for sharing latest news n some live trading buy during trading hours . This channel shall not be liable for losses , claims n damages arising from reliance by readers on such information.
Trade at your own risk .
itchy itchy Trader club ( iiTc ) (English)
Welcome to the itchy itchy Trader club (iiTc) Telegram channel! This channel, with the username @itchyitchytraderclub, is a platform dedicated to sharing the latest news and live trading buy signals during trading hours. It aims to provide valuable insights and information to traders looking to stay updated and make informed decisions in the fast-paced world of trading. However, it is important to note that this channel comes with a disclaimer. The channel states that it shall not be liable for any losses, claims, or damages that may arise from relying on the information shared. Therefore, it is advised to trade at your own risk when using the information provided on this channel. Whether you are an experienced trader or just starting out, the itchy itchy Trader club (iiTc) offers a community where you can stay connected, learn, and grow in your trading journey. Join us today to be part of this exciting trading community!
itchy itchy Trader club ( iiTc )
12 Nov, 00:22
*Trading Stocks today:*
For *Trendspotter*, please click on this link: < https://tinyurl.com/5n838zfs > to view the report.
Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.
*Malaysia*:
*Go Hub Capital (0311)* (RM1.21): Technical Buy
Targets: RM1.31, RM1.38
Stop: RM1.04
*SD Guthrie (5285)* (RM5.13): Technical Buy
Targets: RM5.50, RM5.60
Stop: RM4.79
*Fundamental Report(s):*
*Westports Holdings* - All eyes on Trump tariffs and port tariffs (Upgrade to Hold with a higher TP of RM4.33) https://tinyurl.com/y8bcnwn3
*Sunway Bhd* - Expect strong 3Q to pave way for upgrades (Maintain Add with a higher TP of RM5.20) https://tinyurl.com/2yxc6m2k
*Duopharma Biotech Bhd* - Good time to buy into strong growth (Maintain Add with a TP of RM1.55) https://tinyurl.com/35vbcxez
*Agribusiness* - CPO strength to benefit upstream players (Maintain Neutral) https://tinyurl.com/5dtzhdtn
Join CGS International Securities Malaysia's Official Telegram Channel https://t.me/cgsi_my
*12th Nov 2024*
Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS MY, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.
For *Trendspotter*, please click on this link: < https://tinyurl.com/5n838zfs > to view the report.
Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.
*Malaysia*:
*Go Hub Capital (0311)* (RM1.21): Technical Buy
Targets: RM1.31, RM1.38
Stop: RM1.04
*SD Guthrie (5285)* (RM5.13): Technical Buy
Targets: RM5.50, RM5.60
Stop: RM4.79
*Fundamental Report(s):*
*Westports Holdings* - All eyes on Trump tariffs and port tariffs (Upgrade to Hold with a higher TP of RM4.33) https://tinyurl.com/y8bcnwn3
*Sunway Bhd* - Expect strong 3Q to pave way for upgrades (Maintain Add with a higher TP of RM5.20) https://tinyurl.com/2yxc6m2k
*Duopharma Biotech Bhd* - Good time to buy into strong growth (Maintain Add with a TP of RM1.55) https://tinyurl.com/35vbcxez
*Agribusiness* - CPO strength to benefit upstream players (Maintain Neutral) https://tinyurl.com/5dtzhdtn
Join CGS International Securities Malaysia's Official Telegram Channel https://t.me/cgsi_my
*12th Nov 2024*
Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS MY, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.
itchy itchy Trader club ( iiTc )
12 Nov, 00:22
Bursa market outlook: *Extending the downward move*
Most Asian stock markets finished lower on Monday after the market digested the weak China inflation data. The local benchmark FBMKLCI (KLCI) lost 11.98pts or 0.74% to end the day at 1,609.26. The broader market was weighed down by technology (-1.78%), property (-1.29%) and REIT (-1.28%). Notable gainers were plantation (+1.72%), utilities (+0.04%) and construction (+0.03%). Trading volume dipped to 2.68bn (down from 2.70bn previously) whereas trading value increased to 2.03bn (up from RM1.86bn previously). Market breadth stayed negative for the third consecutive session as 357 gainers underperformed 685 decliners.
The benchmark formed the black crows pattern yesterday and extended its downward move from the 3-day reversal pattern seen on Friday. The downtrend channel from the 1,675 high (dotted lines) is likely resuming following the failure to breakout above the double resistance of the 1,614-1,624 support-turned-resistance and 50-day EMA. Further selling may send the index to retest the 200-day EMA (1,593) next with the 1,600 psychological level acting as a magnet. On the upside, the double resistance may keep the gains in check over the short-term. NOTE: Our portfolio stayed in *risk-off mode* this week.
Gainers: 357
Losers: 685
Unchanged: 480
DOW: 44,293.13 (0.69%)
S&P500: 6,001.35 (0.10%)
NASDAQ: 19,298.76 (0.06%)
FTSE100: 8,125.19 (0.65%)
DAX: 19,448.60 (1.21%)
HSI: 20,426.93 (-1.45%)
STI: 3,739.47 (0.41%)
KLCI: 1,609.26 (-0.74%)
USD: 4.4105 (0.64%)
AUD: 2.9037 (-0.26%)
SGD: 3.3138 (-0.10%)
EUR: 4.7113 (-0.27%)
GBP: 5.6900 (0.18%)
JPY: 2.8693 (-0.07%)
CNY: 0.6117 (0.27%)
HKD: 0.5673 (0.64%)
WTI: 68.04 (-3.32%)
Brent: 71.94 (-2.61%)
GOLD: 2,618.82 (-2.46%)
3rd MONTH FCPO: 5,196.00 (1.86%)
Msia 10 yr bond yield: 3.8460 (-0.98%)
US 10 yr bond yield: 4.3043 (0.00%)
Bitcoin Futures: 88,415 (13.45%)
Source: Bloomberg
*12th Nov 2024*
Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS MY, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.
Most Asian stock markets finished lower on Monday after the market digested the weak China inflation data. The local benchmark FBMKLCI (KLCI) lost 11.98pts or 0.74% to end the day at 1,609.26. The broader market was weighed down by technology (-1.78%), property (-1.29%) and REIT (-1.28%). Notable gainers were plantation (+1.72%), utilities (+0.04%) and construction (+0.03%). Trading volume dipped to 2.68bn (down from 2.70bn previously) whereas trading value increased to 2.03bn (up from RM1.86bn previously). Market breadth stayed negative for the third consecutive session as 357 gainers underperformed 685 decliners.
The benchmark formed the black crows pattern yesterday and extended its downward move from the 3-day reversal pattern seen on Friday. The downtrend channel from the 1,675 high (dotted lines) is likely resuming following the failure to breakout above the double resistance of the 1,614-1,624 support-turned-resistance and 50-day EMA. Further selling may send the index to retest the 200-day EMA (1,593) next with the 1,600 psychological level acting as a magnet. On the upside, the double resistance may keep the gains in check over the short-term. NOTE: Our portfolio stayed in *risk-off mode* this week.
Gainers: 357
Losers: 685
Unchanged: 480
DOW: 44,293.13 (0.69%)
S&P500: 6,001.35 (0.10%)
NASDAQ: 19,298.76 (0.06%)
FTSE100: 8,125.19 (0.65%)
DAX: 19,448.60 (1.21%)
HSI: 20,426.93 (-1.45%)
STI: 3,739.47 (0.41%)
KLCI: 1,609.26 (-0.74%)
USD: 4.4105 (0.64%)
AUD: 2.9037 (-0.26%)
SGD: 3.3138 (-0.10%)
EUR: 4.7113 (-0.27%)
GBP: 5.6900 (0.18%)
JPY: 2.8693 (-0.07%)
CNY: 0.6117 (0.27%)
HKD: 0.5673 (0.64%)
WTI: 68.04 (-3.32%)
Brent: 71.94 (-2.61%)
GOLD: 2,618.82 (-2.46%)
3rd MONTH FCPO: 5,196.00 (1.86%)
Msia 10 yr bond yield: 3.8460 (-0.98%)
US 10 yr bond yield: 4.3043 (0.00%)
Bitcoin Futures: 88,415 (13.45%)
Source: Bloomberg
*12th Nov 2024*
Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS MY, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.
itchy itchy Trader club ( iiTc )
12 Nov, 00:21
Good Morning!
Here's our #SystematicTrading watchlist for today: IOICORP, RAMSSOL, SDCG, FRONTKN, AAX & more!
Call warrants watchlist: FRONTKN-C33, AAX-C27
On-going #SystematicTrading list: NIL
[KenTrade Account Opening Click Here!]
Here's our #SystematicTrading watchlist for today: IOICORP, RAMSSOL, SDCG, FRONTKN, AAX & more!
Call warrants watchlist: FRONTKN-C33, AAX-C27
On-going #SystematicTrading list: NIL
[KenTrade Account Opening Click Here!]
itchy itchy Trader club ( iiTc )
12 Nov, 00:16
M+ Market update – 12Nov24
Funds Flowing Into Wall Street and Dollar
The FBMKLCI began the week on a softer note amid a lack of fresh catalysts environment, while selected weaker corporate earnings contributed to the selling pressure on the local bourse. The US stock market, however, advanced further on the back of Donald Trump’s victory in the US presidential election. This week, market participants will focus on key economic indicators, including: (i) CPI, (ii) PPI, (iii) Retail Sales and Core Retail Sales, and (iv) 3Q2024 Malaysia GDP data. In the commodities market, Brent crude oil fell to USD 71 per barrel as investors digested China’s latest stimulus plan. Meanwhile, gold prices retreated further to USD 2,619. Meanwhile, the CPO prices continued to surge, closing above the RM 5,100 level.
Sector Focus: With the US markets continuing to rise, coupled with a strengthening USD, we believe buying interest may extend to the local bourse, particularly in the export-related sectors like Technology and Glove. Meanwhile, we anticipate that the supply of vegetable oil is likely to tighten amid the implementation of higher biodiesel mandates in Indonesia, which will benefit local plantations like JPG following the strong CPO price. Also, selected Construction and Building Materials stocks are expected to gain momentum in the earnings season, supported by ongoing data center investments.
Stocks to watch:
Shipping: *HARBOUR*, *SYGROUP*, WPRTS
Technology: RAMSSOL, *SKPRES*
Construction: *SCGBHD*
Finance: *RCECAP*
Plantation: SDG
Renewable Energy: KJTS
Property: IBRACO
Source: M+
Funds Flowing Into Wall Street and Dollar
The FBMKLCI began the week on a softer note amid a lack of fresh catalysts environment, while selected weaker corporate earnings contributed to the selling pressure on the local bourse. The US stock market, however, advanced further on the back of Donald Trump’s victory in the US presidential election. This week, market participants will focus on key economic indicators, including: (i) CPI, (ii) PPI, (iii) Retail Sales and Core Retail Sales, and (iv) 3Q2024 Malaysia GDP data. In the commodities market, Brent crude oil fell to USD 71 per barrel as investors digested China’s latest stimulus plan. Meanwhile, gold prices retreated further to USD 2,619. Meanwhile, the CPO prices continued to surge, closing above the RM 5,100 level.
Sector Focus: With the US markets continuing to rise, coupled with a strengthening USD, we believe buying interest may extend to the local bourse, particularly in the export-related sectors like Technology and Glove. Meanwhile, we anticipate that the supply of vegetable oil is likely to tighten amid the implementation of higher biodiesel mandates in Indonesia, which will benefit local plantations like JPG following the strong CPO price. Also, selected Construction and Building Materials stocks are expected to gain momentum in the earnings season, supported by ongoing data center investments.
Stocks to watch:
Shipping: *HARBOUR*, *SYGROUP*, WPRTS
Technology: RAMSSOL, *SKPRES*
Construction: *SCGBHD*
Finance: *RCECAP*
Plantation: SDG
Renewable Energy: KJTS
Property: IBRACO
Source: M+
itchy itchy Trader club ( iiTc )
12 Nov, 00:14
https://www.thestar.com.my/business/business-news/2024/11/12/oil-falls-on-chinese-stimulus-disappointment-supply-outlook
itchy itchy Trader club ( iiTc )
11 Nov, 23:31
Bitcoin tops $88,000 as crypto euphoria over Trump win shows no sign of waning https://www.cnbc.com/2024/11/11/crypto-market-today.html?__source=iosappshare%7Cnet.whatsapp.WhatsApp.ShareExtension
Looking ahead, some analysts expect crypto to continue to rise, with a number saying bitcoin is on track to hit the $100,000 milestone by the end of the year.
Looking ahead, some analysts expect crypto to continue to rise, with a number saying bitcoin is on track to hit the $100,000 milestone by the end of the year.
itchy itchy Trader club ( iiTc )
11 Nov, 23:22
M+ Morning Market Buzz - 12Nov24
Dow Jones: 44,293.13 pts (+304.14pts, +0.69%)
⬆️ Resistance: 45400
⬇️ Support: 41000
FBM KLCI: 1,609.26 pts (-11.98pts, -0.74%)
⬆️ Resistance: 1680
⬇️ Support: 1580
HSI Index: 20,426.93 pts (-301.26pts, -1.45%)
⬆️ Resistance: 21800
⬇️ Support: 19800
Crude Palm Oil: RM5,196 (-RM30, -0.58%)
⬆️ Resistance: 5310
⬇️ Support: 4690
Brent Oil: $73.87 (-$1.93, -2.61%)
⬆️ Resistance: 77.80
⬇️ Support: 70.20
Gold: $2,618.82 (+$0.67, +0.03%)
⬆️ Resistance: 2810
⬇️ Support: 2560
Source: Bloomberg, M+
Dow Jones: 44,293.13 pts (+304.14pts, +0.69%)
⬆️ Resistance: 45400
⬇️ Support: 41000
FBM KLCI: 1,609.26 pts (-11.98pts, -0.74%)
⬆️ Resistance: 1680
⬇️ Support: 1580
HSI Index: 20,426.93 pts (-301.26pts, -1.45%)
⬆️ Resistance: 21800
⬇️ Support: 19800
Crude Palm Oil: RM5,196 (-RM30, -0.58%)
⬆️ Resistance: 5310
⬇️ Support: 4690
Brent Oil: $73.87 (-$1.93, -2.61%)
⬆️ Resistance: 77.80
⬇️ Support: 70.20
Gold: $2,618.82 (+$0.67, +0.03%)
⬆️ Resistance: 2810
⬇️ Support: 2560
Source: Bloomberg, M+
itchy itchy Trader club ( iiTc )
11 Nov, 23:19
https://www.cnbc.com/2024/11/10/stock-market-today-live-updates.html
itchy itchy Trader club ( iiTc )
11 Nov, 12:30
https://www.businesstoday.com.my/2024/11/11/kerjaya-prospek-to-jointly-develop-36-acre-land-in-penang/
itchy itchy Trader club ( iiTc )
11 Nov, 12:29
https://www.businesstoday.com.my/2024/11/11/tm-global-expands-dc-in-cyberjaya-and-johor-to-strengthen-nations-digital-transformation/
itchy itchy Trader club ( iiTc )
11 Nov, 12:28
https://www.businesstoday.com.my/2024/11/11/penangs-mutiara-line-lrt-project-eyes-2025-start-with-final-talks-underway/
itchy itchy Trader club ( iiTc )
26 Oct, 00:51
Are tech stocks overvalued?
https://www.youtube.com/watch?v=hoRM1jURyLM
https://www.youtube.com/watch?v=hoRM1jURyLM
itchy itchy Trader club ( iiTc )
26 Oct, 00:31
Gamuda, OB Holdings, MyEG, MN Holdings, Padini and Malakoff
https://theedgemalaysia.com/node/731709
https://theedgemalaysia.com/node/731709
itchy itchy Trader club ( iiTc )
26 Oct, 00:30
https://www.thestar.com.my/business/business-news/2024/10/26/gamuda-wins-rm3bil-sabah-hydroelectric-job
itchy itchy Trader club ( iiTc )
26 Oct, 00:30
https://www.thestar.com.my/business/business-news/2024/10/25/myeg-partners-with-nhmfc-to-expand-online-payment-options-in-the-philippines
itchy itchy Trader club ( iiTc )
26 Oct, 00:29
https://www.thestar.com.my/business/business-news/2024/10/26/kwap-invests-rm219mil-in-osv-player-cyan-renewables
itchy itchy Trader club ( iiTc )
26 Oct, 00:29
https://www.thestar.com.my/business/insight/2024/10/26/dismay-for-plantation-sector
itchy itchy Trader club ( iiTc )
26 Oct, 00:29
https://www.thestar.com.my/business/insight/2024/10/26/inclusive-for-all-despite-fiscal-challenge
itchy itchy Trader club ( iiTc )
26 Oct, 00:28
https://www.thestar.com.my/business/insight/2024/10/26/budget-2025---a-missed-opportunity
itchy itchy Trader club ( iiTc )
26 Oct, 00:28
https://www.thestar.com.my/business/business-news/2024/10/26/market-struggles-to-find-momentum
itchy itchy Trader club ( iiTc )
26 Oct, 00:28
https://www.thestar.com.my/business/business-news/2024/10/26/greater-clarity-required-on-dividend-tax
itchy itchy Trader club ( iiTc )
26 Oct, 00:28
https://www.thestar.com.my/business/insight/2024/10/26/can-banks-become-tech-platforms
itchy itchy Trader club ( iiTc )
26 Oct, 00:27
https://www.thestar.com.my/business/business-news/2024/10/26/capitalising-on-elusive-us-soft-landing
itchy itchy Trader club ( iiTc )
26 Oct, 00:27
https://www.thestar.com.my/business/2024/10/26/oil-settles-up-as-investors-weigh-mideast-risk-us-election
itchy itchy Trader club ( iiTc )
26 Oct, 00:27
https://www.thestar.com.my/business/2024/10/26/wall-st-week-ahead-us-stocks-face-market-shaking-events
itchy itchy Trader club ( iiTc )
26 Oct, 00:27
https://www.thestar.com.my/business/2024/10/26/nasdaq-closes-higher-ahead-of-earnings-reports
itchy itchy Trader club ( iiTc )
26 Oct, 00:26
https://www.cnbc.com/2024/10/24/stock-market-today-live-updates.html?__source=iosappshare%7Cph.telegra.Telegraph.Share
itchy itchy Trader club ( iiTc )
25 Oct, 12:17
CPO price strength could dissipate through end-2024, says BMI
https://theedgemalaysia.com/node/731616
https://theedgemalaysia.com/node/731616
itchy itchy Trader club ( iiTc )
25 Oct, 12:10
Tenaga conducting pre-feasibility study for Sarawak-West Malaysia power line
https://theedgemalaysia.com/node/731687
https://theedgemalaysia.com/node/731687
itchy itchy Trader club ( iiTc )
25 Oct, 12:10
MSM's earnings could be under pressure in 3Q, BIMB warns in downgrade
https://theedgemalaysia.com/node/731690
https://theedgemalaysia.com/node/731690
itchy itchy Trader club ( iiTc )
25 Oct, 12:09
MN Holdings to jointly undertake sub-contract works for data centre project
https://theedgemalaysia.com/node/731691
https://theedgemalaysia.com/node/731691
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