We are expanding to global markets. See next article for the trade plan.
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FKLI
FKLI tumbled all the way yesterday amid unexpected Bank Negara Malaysia's decision to cut OPR by 0.25%. Banking stocks dragged down the index and hence sending FKLI lower ahead of the long CNY holiday.
FKLI
FKLI tumbled all the way yesterday amid unexpected Bank Negara Malaysia's decision to cut OPR by 0.25%. Banking stocks dragged down the index and hence sending FKLI lower ahead of the long CNY holiday.
FKLI tumbled all the way yesterday amid unexpected Bank Negara Malaysia's decision to cut OPR by 0.25%. Banking stocks dragged down the index and hence sending FKLI lower ahead of the long CNY holiday.
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Plan A : Attempt short if market try to rebound but fails to breach above 1581.5. Cut above 1586
Plan B : Targets are 1575, 1571 and 1567.
Plan C : Consider to long only if FKLI manage to hold firm above 1577 and rebound. Cut below 1574
Plan D :Targets are 1580, 1585 and 1589.
FCPO
FCPO opened lower this morning and dived to 2916 towards the second session. Dalian closed +120 or 2.01% at 6094 while soybean oil hovers around negative territories. Ringgit stays at RM4.06 against the greenback.
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Plan A : Long if market supported firm above 2945. Targets are 2967 and 2983.
Plan B : Short if market failed to support above 2945. Targets are 2930 and 2912.
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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