Sunday, December 13, 2020

14 December 2020 BMD

                          We are expanding to                   global  markets 

 See next article for the trade plan

LOCAL MARKET

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FKLI    

Cash market rallied strongly on Friday as buying interest came in with force, pushing the market to close at year-high level. Market is expected to face some minor profit taking activities today but overall market should still be supported.

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Plan A : Remain buy as long as market stays firm above 1675. Targets are 1684 and 1699.

Plan B : Consider sell only if market surges but fails to breach above 1699. Targets are 1684 and 1675.



FCPO

FCPO slowly climbed back up, attempting to challenge the recent high 3470. Dalian closed +132 at 6642 while soybean oil +0.41 at 38.65. Ringgit stays strong against the greenback at RM4.05.

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Plan A : Long if market supported firm above 3456. Targets are 3480 and 3506.

Plan B : Short if market failed to support above 3456. Targets are 3435 and 3412.




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 correction, 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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