Tuesday, January 14, 2020

15 January 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI continued to fall to 1571 yesterday before it then rebounded slightly to close at 1581.5. If it to fail to sustain above 1584 today, the market could have continued to decline.

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Plan A : Continue to short if market fails to breach above 1584. Cut above 1589.
Plan B : Targets are 1581, 1577.5 and 1574.
Plan C : Consider to long if market declines but still supported above 1571. Cut below 1568.
Plan D :Targets are 1574.5, 1578 and 1582.


FCPO

FCPO dived to close at day's low level yesterday after a gap-down opening. Persistent selling was seen throughout the day, with buyers taking profits after recent gains coupled with fresh short selling activities further pressured the price lower.

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Plan A : Short if market rebounded but failed to support above 3037. Targets are 3021 and 3005.

Plan B : Long if market supported firm above 3004. Targets are 3037 and 3056.




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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