Thursday, September 26, 2019

27 September 2019 BMD

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

LOCAL MARKET

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FKLI



FKLI still failed to break to break above 1590's as it tipped at 1589.5 and then closed at 1584.5 at day end. The market seems struggled hard within range, and resulting the market is being traded sideways.

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Plan A : Continue to short if market does not breach above 1588

Plan B : Cut above 1592
Plan C : Attempt buying only if market rebounds from 1578
Plan D : Cut below 1573



FCPO

FCPO hovers around 2140's to 2160's on Friday, yet to see any breakthrough for a direction. Dalian closed -22 and soybean remain -0.16 at 4.30pm. Ringgit stays at RM 4.18 against the greenback.

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Plan A : Buy if market supported firm above 2151. Targets are 2165 and 2178.
Plan B : Sell if market failed to support above 2151. Targets are 2135 and 2120. 
Plan C : Above 2158, no fresh position.
Plan D : Below 2144, 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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