Monday, August 26, 2019

27 August 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 strong rebound yesterday despite it was opened 18-points lower due to the overnight plunge in Dow over the weekend. Overall the signal is still a little bearish, however the market got to watch out for the technical rebounds which affected from the rise in the global markets.

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Plan A : Attempt to short if market does not breach above 1601
Plan B : Cut above 1605
Plan C : Consider to long if market rebounds from 1593
Plan D : Cut below 1588


FCPO

FCPO opened gap down this morning then prices depressed further to 2227 in the afternoon. Dalian closed significantly weak and soybean oil is lying at negative territories. Ringgit traded weak against the greenback.

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Afternoon Plan 

Plan A : Sell if market failed to support above 2244. Targets are 2231 and 2215.
Plan B : Buy only if market supported firm above 2244. Targets are 2258 and 2269.
Plan C : Above 2250, no fresh position.
Plan D : Below 2238, 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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