Wednesday, December 18, 2019

19 December 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI continued to rally and closed above 1600's as followed with the strong push in KLCI. This climb was partially led by the clearer details in phase one of the trade deal.

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Plan A : Continue to long if markets trades firmly above 1594.5. Cut below 1591.
Plan B : Targets are 1598, 1602 and 1605.
Plan C : Attempt to short if market continues to surge but does not breach above 1616. Cut above 1620.
Plan D :Targets are 1612.5, 1609 and 1606.




FCPO

FCPO rebounded to 2870 at opening later plummeted to 2819, followed by a swift recovery back to 2850's within minutes. Dalian and soybean oil are negative while Ringgit stays at RM4.13 against the greenback.



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Plan A : Short if market failed to support above 2847. Targets are 2832 and 2818.
Plan B : Long if market supported firm above 2847. Targets are 2860 and 2876.



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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