Tuesday, July 9, 2019

10 July 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI had a quick rebound right upon market opening to climb back to 1680's and stay flat for the whole day until it then closed at 1683.5. The market could have stay in range of 1673-1688 for the time being until it has a breakthrough of either direction.

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Plan A : Attempt to sell if market stays below 1684
Plan B : Cut above 1688
Plan C : Consider buying if market does not break below 1673
Plan D : Cut above 1669



FCPO

FCPO continue to hover around 1940's-1950's range and market is yet to breakthrough the clouds for a clearer direction. Dalian and soybean oil are slightly positive while Ringgit stays at RM4.13 against the greenback.

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Plan A : Buy if market supported firm above 1946. Targets are 1967 and 1978.
Entry : Above 1951, do not enter.

Plan B : Sell if market failed to support above 1946. Targets are 1933 and 1921.
Entry : Below 1941, 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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