Monday, December 9, 2019

10 December 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 1560's despite it opened higher at almost the peak of the day at 1571 and tipped at 1571.5. The market gradually inching down as dragging down by the KLCI.

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Plan A : Attempt to long if markets tested and rebounds from 1548. Cut below 1544.
Plan B : Targets are 1552, 1555 and 1558.
Plan C : Attempt to short if market does not breach above 1561. Cut above 1564.
Plan D :Targets are 1558, 1555 and 1551.5.


FCPO

FCPO achieved another new high yesterday before surviving a profit taking selling in the morning and rebounding strongly towards closing. FCPO is noticeably trending upward strongly and the bull looks to continue with some intermittent profit taking activities.

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Plan A : Short if market fails to breach above 2911. Targets are 2890 and 2863.
Plan B : Long only if market retraces but supported firm above 2877. Targets are 2890 and 2911.

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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