Tuesday, April 28, 2020

29 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 continued to flatten along the lines despite it once had a breakthrough to below 1370's but the market struggled to climb back above support levels and consolidated. 

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Plan A : Short if market does not breach above 1382.5. Targets are 1379, 1375 and 1371.
Plan B : Cut above 1387.
Plan C : Long if market trades above 1373. Targets are 1377, 1381 and 1385.
Plan D : Cut below 1368.



FCPO
FCPO regain from the lost ground yesterday and traded well above 2020's through the mid-afternoon session. Dalian closed +20 ended 4346 while soybean oil -0.01. Ringgit stays at RM4.34 against the greenback.


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Plan A : Long if market supported firm above 2033. Targets are 2058 and 2082.

Plan B : Short if market failed to support above 2033. Targets are 2008 and 1982.




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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