Wednesday, July 17, 2019

18 July 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI gradually declined from 1658.5 to the low 1656.5 before it then closed at 1659, followed with the falls in the KLCI. Several supports were broken and market seems weak to rebound, and this may led a firmer bearish signal to the investors if the market fails to stays firm above 1665 today.

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Plan A : Continue to sell if market does not break above 1664
Plan B : Cut above 1668
Plan C : Consider buying if market stays firm above 1652.5
Plan D : Cut below 1648


FCPO

FCPO opened lower first session, later hovers around 1970's to 1980's, while investors waiting for the breakthrough. Dalian and soybean oil are mixed while Ringgit stays at RM4.11 against the greenback.

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Plan A : Buy if market supported firm above 1981. Targets are 1999 and 2011.
Entry tip : Above 1991, do not enter.

Plan B : Sell if market failed to support above 1981. Targets are 1965 and 1953.
Entry tip : Below 1971, 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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