Tuesday, April 21, 2020

22 April 2020 BMD

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

LOCAL MARKET

Our trade results are posted in our FB page. Click link below to access:-
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FKLI

FKLI broke down into bear market yesterday as the whole world was shaken by the oil crash. FKLI failed to sustain above 1400's by dipping down to 1369.5 before it then closed at 1370.

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Plan A : Continue to to hold short if market stays below 1374.5. Targets are 1370, 1366.5 and 1362.
Plan B : Cut above 1378.
Plan C : Long if market tested and rebounds from 1333. Targets are 1336.5 and 1341.
Plan D : Cut below 1330.




FCPO

FCPO rebounded back to 2114 the first session, regaining from the lost ground yesterday but it was not for long. Market later depressed by the seller and the price plummeted back below 2100. Dalian closed -136 ended 4616 while soybean oil -0.05. Ringgit weakened against the greenback at RM4.39.

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Plan A : Short if market failed to support above 2054. Targets are 2028 and 1995.
Plan B : Long only if market supported firm above 2054. Targets are 2078 and 2102.





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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