Wednesday, August 28, 2019

29 August 2019 BMD

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

LOCAL MARKET

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FKLI 


FKLI traded within tight range of 6-points yesterday as the market is still struggling which way to head to, despite the big picture is still showing a greater bearish signal.

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Plan A : Attempt selling if market rebound but fails to breach above 1595
Plan B : Cut above 1599
Plan C : Consider buying only if market stays firm above 1592 and rebounds
Plan D : Cut below 1588



FCPO

FCPO dived to low of 2229 the first session and hovers around 2230's for quite some time. Dalian closed -34 points or -0.7% at 4852. Soybean lying at negative net change while Ringgit further weakened against the greenback at RM4.22.

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Plan A : Sell if market failed to support above 2240. Targets are 2231 and 2215.
Plan B : Buy only if market supported firm above 2240. Targets are 2252 and 2268.




Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correctaysion, 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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