Monday, July 22, 2019

23 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 last minute pull back with the recovery in the KLCI despite it was still a weak close for the day. Overall the market is still showing bearish signal, but just the investors are still not firm with the market direction.

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Plan A : Continue to sell if market does not break above 1661
Plan B : Cut above 1665
Plan C : Consider buying if market rebounds from 1651
Plan D : Cut below 1646



FCPO

FCPO hovers over the same range for a week now, so does the first session today. The market is still waiting for breakthrough. Dalian and soybean oil are lying at positive territories while Ringgit stays at RM4.11 against the greenback.



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Plan A : Buy if market supported above 1981. Targets are 1999 and 2015.
Plan B : Sell if market failed to support above 1981. Targets are 1965 and 1950.
Plan C : Above 1986, do not enter.
Plan D : Below 1976, 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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