Technical | Fundamental Analysis Discussion Stocks Listed In Bursa

Saturday, June 29, 2019

KLCI Chart

The outcome of G20 meeting is that the US will not impose any new tariffs or remove existing ones on China for now and will continue to negotiate. Also Trump lifts Huawei ban, US companies can continue selling to them. Domestically, 2Q2019 earnings reporting season start from mid July 2019 onwards. And construction theme plays are ECRL, Bdr Malaysia, MRT3, HSR and PTMP. Index is above 50 day and 100 day SMA. A break above 200 day SMA (currently resting at 1687 point) may see the index enroute to 1709-1710 followed by 1733 point. Immediate support is at 1656 where the 21 day and 100 day SMA meets.

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