Wednesday, March 4, 2020

05 March 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 climb and filled the gap from last Friday before it then closed at 1473 at the end of the session. The market had stamped its foot well above the support levels and it may continue to climb today as Dow rose near 5% last night.

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Plan A : Short only if market recovers but does not breach above 1502.5. Targets are 1499, 1496 and 1491.5.
Plan B : Cut above 1506.
Plan C : Long if market stays firm above 1494.5 and rebounds. Targets are 1498, 1501.5 and 1504.
Plan D : Cut below 1490.


FCPO

FCPO opened gap up in the afternoon yesterday and never look back thereafter. Short covering activities were visibly strong, sending FCPO to a high of 2502 before settling at 2495. Further recovery can be expected today, pending any setbacks.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription. 

Plan A : Long if market supported firm above 2480. Targets are 2542 and 2591.

Plan B : Short if market surges but fails to breach above 2591. Targets are 2542 and 2533.

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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