Sunday, August 18, 2019

19 August 2019 BMD

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

LOCAL MARKET

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FKLI 


FKLI considered moving flat on last Friday as the market tingled between range and shown not much direction. Possibly both buyers and sellers are still cautious over the market movements and rather being conservative.

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Plan A : Continue to long if FKLI holds firm above 1593
Plan B : Cut below 1588
Plan C : Consider selling if market surge but does not breach above 1610
Plan D : Cut above 1614


FCPO

Resistance around the 2225-level proven to be a tough nut to crack, causing FCPO to retrace amid profit taking activities last Friday. FCPO is expected to consolidate further after recent run-up.

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Plan A : Buy if market corrects and supports firmly above 2166. Targets are 2173, 2182 and 2192.
Plan B : Sell if market trades consistently below 2194. Targets are 2184 and 2173.
Plan C : Above 2200, no fresh position
Plan D : Below 2182, no fresh position

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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