Tuesday, May 11, 2021

12 May 2021 BMD

                                     LOCAL MARKET


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FKLI

FKLI recovered and fell 3-points on Tuesday, tracking losses in Asia markets and investors remained worry amid impact of nationwide movement control over towards economy.

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Plan A : Remain sell as long as market stays trading below 1582. Targets are 1571.5 and 1565.

Plan B : Consider long only if market able to hold firm above 1571.5 and rebound. Targets are 1579.5 and 1582.




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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