12 July 2021 BMD

                      LOCAL MARKET

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FKLI

FKLI closed higher on Friday amid technical rebound as bargain hunting emerges. However, the rebound look likely to be short-lived as political uncertainties and rising Covid-19 cases would cap on any potential gains in the market today.

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Plan A : Attempt short if market trades consistently below 1522. Targets are 1509 and 1501.

Plan B : Consider long only if market trades resiliently above 1501.5 and rebound. Targets are 1510 and 1517.

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