Wednesday, April 22, 2020

23 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 gradually recovered to the peak at 1385 despite it had a gap down upon market opening at 1352.5, with the contribution from the recovery in Dow and KLCI. However, this recovery may be only for a short-term as the market is still showing bearish signal overall.

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Plan A : Continue to short if market stays below 1386.5. Targets are 1382, 1378 and 1374.
Plan B : Cut above 1391.
Plan C : Long if market tested and rebounds from 1377.5. Targets are 1381 and 1385.
Plan D : Cut below 1374.



FCPO

FCPO flattened 'till mid-afternoon session, running around 2100's to 2060's range. Market is still pending a direction as for now. Dalian closed +40 ended 4474 while soybean oil is +0.43. Ringgit slightly strengthen against the greenback at RM4.36.

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

Plan A : Long if market supported firm above 2089. Targets are 2105 and 2129.
Plan B : Short if market failed to support above 2089. Targets are 2067 and 2042.




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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