Thursday, July 4, 2019

05 July 2019 BMD

We are expanding to global markets. See next article for the trade plan.

LOCAL MARKET


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FKLI

FKLI tipped at 1697 yesterday and gradually declined despite it was still firm above 1690's. The market seems to be waiting to break above 1700's but somehow lack of certain pressures to further push it over. 

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Plan A : Continue to hold long if market stays above 1690
Plan B : Cut below 1686
Plan C : Consider selling if market does not breach above 1699
Plan D : Cut above 1703


FCPO

FCPO hovers within the same range over the past few days. and market continue to plateau over the first session today. Dalian remain unchanged while Ringgit stays at RM4.13 against the greenback.

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Plan A : Sell if market failed to support above 1949. Targets are 1927 and 1908.
Entry tip : Below 1940, do not enter.
  

Plan B : Buy if market supported firm above 1949. Targets are 1962 and 1978.
Entry tip : 
Above 1955, do not enter.



Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Market Watch and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.

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