Wednesday, July 3, 2019

04 July 2019 BMD

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

LOCAL MARKET


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FKLI

FKLI still failed to break through to 1700's as it was topped at 1699 yesterday and had a slight correction to 1685 before it then rebounded to closed at 1692.5. The uptrend seems to be continued today with the overnight Dow which closed higher near 200-points.

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Plan A : Continue to hold long if market stays above 1689
Plan B : Cut below 1685
Plan C : Consider selling if market does not breach above 1700
Plan D : Cut above 1705


FCPO

FCPO flattened for the day and Dalian closed insignificant. Ringgit stays at RM4.13 against the greenback. Market is indecisive in the direction until it breakthrough the gloomy clouds.

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Afternoon Plan


Plan A : Buy only if market supported above 1954. Targets are 1965 and 1978.
Plan B : Sell if market failed to support above 1949. Targets are 1937 and 1925.
Plan C : Between 1954 and 1949, avoid trading.  



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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