Thursday, April 8, 2021

09 April 2021 BMD

                                    LOCAL MARKET


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FKLI

FKLI pared its earlier gains to close slightly lower on Thursday amid profit taking during last minute.

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Plan A : Remain buy as long as market stays firm above 1590. Targets are 1605 and 1615.

Plan B : Consider short only if market surges but fails to breach above 1605. Targets are 1595 and 1589.



FCPO

FCPO swings within the 3770's to 3860's the first session waiting for breakthrough. Dalian is trading -52 at 7654 while soybean oil -0.33 trading at 51.08. Ringgit stays at RM4.13 against the greenback.

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Plan A : Short if market failed to support above 3824. Targets are 3803 and 3780. 

Plan B : Long only if market supported firm above 3824. Targets are 3845 and 3868.



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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