Sunday, January 5, 2020

06 January 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI tipped at 1619 on last Friday but failed to sustain as the market declined 1606.5 in the second session after the air strike happened between Iran and United States and killed an Iranian key commander. However, the FKLI gradually recovered with KLCI and closed at 1613.

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Plan A : Attempt to long if markets stays above 1606. Cut below 1602.
Plan B : Targets are 1610.5, 1614 and 1618.
Plan C : Attempt to short if market does not breach above 1607.5. Cut above 1611.
Plan D :Targets are 1604, 1601 and 1598.




FCPO

FCPO opened higher this morning later retreated tremendously within split seconds, depressing the prices below 3100's. Dalian and soybean are lying at negative territories while Ringgit stays at RM4.10 against the greenback.

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Plan A : Short if market failed to support above 3091. Targets are 3078 and 3065.
Plan B : Long if market supported firm above 3091. Targets are 3105 and 3119. 

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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