Monday, September 23, 2019

24 September 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 in the second session after being flatten for the whole morning. The market failed to hold above 1590's and thus slowly inching down and closed at 1582 at day end, followed with the weakening regional markets.

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 more details. Sign up today for October subscription. 

Plan A : Continue to hold short if market does not breach above 1589
Plan B : Cut above 1594
Plan C : Attempt buying only if market does not fall below 1582
Plan D : Cut below 1578



FCPO

FCPO resume to walk down South today to 2144 after the Dalian worsen towards the second session. Soybean oil remain slightly weak while Ringgit stays plateau at RM4.17 against the greenback.

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Plan A : Buy if market supported firm above 2157. Targets are 2170 and 2185.  
Plan B : Sell only if market rebounded but resisted around 2177. Targets are 2162 and 2149.
Plan C : Above 2177, no fresh position.
Plan D : Below 2157, no fresh position. 




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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