Monday, August 12, 2019

13 August 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 and had a weak close on last Friday. Both buyers and sellers were unsure about the market direction resulting the market moved within tight range despite it was declining.

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Plan A : Continue to hold short if market stays below 1610
Plan B : Cut above 1613
Plan C : Consider buying if market tested and rebounds from 1596
Plan D : Cut below 1592


FCPO

FCPO started to surge since end of July 'till today and the market even recorded new recent high since the drop to 1916. Dalian and soybean oil are mixed while Ringgit stays weak against the greenback at RM4.19. 

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Plan A : Sell if market failed to support above 2207. Targets are 2192 and 2180.
Plan B : Buy only if market retraced then later supported firm above 2183. Targets are 2198 and 2209.

Plan C : Above 2207, do not enter.
Plan D : Below 2183, 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 r.isks, consequences and suitability of that investment.

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