Thursday, February 18, 2021

19 February 2021 BMD

                       We are expanding to                   global  markets 

 See next article for the trade plan

LOCAL MARKET

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FKLI    

FKLI suffered a third consecutive days of losses on Thursday with regional markets taking the lead down. It will be important to see market holding up above the 1573-75 level today if it were to avoid any massive sell down in an highly unpredictable market now. 

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Plan A : Remain sell as long as market stays below 1592. Targets are 1575.5 and 1573. 

Plan B : Consider long only if market supports above 1575.5 and rebound. Targets are 1583 and 1586.



FCPO  

FCPO climbed back up to 3500-mark after a brief visit to 3480. Dalian turnaround to positive region closed +98 at 7236 first session while soybean oil traded -0.04 at 46.87. Ringgit stays at RM4.04 against the greenback.

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Plan A : Long if market supported firm above 3547. Targets are 3568 and 3594.

Plan B : Short if market failed to support above 3547. Targets are 3528 and 3505. 



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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