Tuesday, July 6, 2021

07 July 2021 BMD

                         LOCAL MARKET


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FKLI

FKLI once again closed little changed on Tuesday as market sentiment continue to be affected by high number of new Covid-19 cases in Malaysia.

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Plan A : Remain short as long as market stays trading below 1538. Targets are 1531 and 1525.

Plan B : Consider long only if market trades resiliently above 1520 and rebound. Targets are 1531 and 1538.




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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