Wednesday, December 25, 2019

26 December 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI was moving flat on the Christmas eve as the window dressing effect starts to kicks in for the festive season. However it was dragged by KLCI to had a weak close at 1609.5.

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Plan A : Attempt to long if markets trades firmly above 1606. Cut below 1602.
Plan B : Targets are 1609, 1612 and 1615.
Plan C : Attempt to short if market does not breach above 1617.5. Cut above 1621.
Plan D :Targets are 1614.5, 1611 and 1608.



FCPO

FCPO continue to trade in sideways for the third day on Christmas eve. Dalian turned negative on the Boxing Day while Ringgit strengthened to RM 4.13 against the greenbacks. 

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Plan A : Short if market does not breach above 2930. Targets are 2910, 2895 and 2884.
Plan B : Long if market supported firm above 2895. Targets are 2910 and 2925.


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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