Wednesday, September 25, 2019

26 September 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI failed to sustain above 1590's and had a weak close at 1582.5 yesterday as followed with the weak KLCI and regional markets. The overall big trend is start showing a slight signal to the players in the market but however, it needs a firmer breakdown to confirm the trend.

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Plan A : Continue to short if market does not breach above 1587

Plan B : Cut above 1593
Plan C : Attempt buying only if market rebounds from 1578
Plan D : Cut below 1573


FCPO

FCPO flattened for the first session, hovering around 2130's to 2140's. Dalian and soybean oil are lying at negative territories while Ringgit weakened against the greenback at RM4.19.

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Plan A : Buy if market supported firm above 2142. Targets are 2156 and 2169.
Plan B : Sell if market failed to support above 2142. Targets are 2130 and 2118.
Plan C : Sell only if market rebounded and resisted around 2159. Targets are 2147 and 2136.


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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