Tuesday, October 8, 2019

09 October 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI consolidating on a flat line yesterday after it fell below 1560's until it closed at 1557 at day end. The market is heading south, but with a very slow motion as the whole world economy is being affected by the increased tension of trade war.

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Plan A : Continue to sell as long as the market stays below 1558
Plan B : Cut above 1563
Plan C : Consider buying if market tested and rebounds from 1548
Plan D : Cut below 1543

FCPO

After consolidating for a number of days, FCPO seems to have found some support and getting a little push to move higher. It will be important for FCPO to find firm footings above 2152 level if it were to continue its upward momentum.

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Plan A : Buy if market supports firmly above 2172. Targets are 2196 and 2212.
Plan B : Sell if market fails to support above 2172. Targets are 2162 and 2152.



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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