Monday, April 13, 2020

14 April 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 trade on a flat line for the whole session yesterday, but it was starting to show a little signal of heading south as it was resisted at 1356 and failed to go beyond this level.

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Plan A : Short if market does not breach above 1350. Targets are 1346.5, 1343 and 1340.
Plan B : Cut above 1354.
Plan C : Long if market declines but still supported above 1341.5. Targets are 1345, 1349 and 1353.
Plan D : Cut below 1338.

FCPO

Selling pressure once again bringing bear mood to FCPO yesterday. Market is expected to remain under pressure today especially if it fails to hold above the 2223-level.

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Plan A : Long only if market supported firmly above 2223. Targets are 2247 and 2258.

Plan B : Short if market rebounded but resisted around 2258. Targets are 2247 and 2223.

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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