15 July 2021 BMD

                         LOCAL MARKET

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FKLI

FKLI slipped 10-points on Wednesday, tracking weakness as investors concerned over an inflation spike in the U.S. market. Market might attempt some recovery today after overnight U.S. market came through unscathed. Gains however, likely to be capped.

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Plan A : Attempt short if market trades consistently below 1520. Targets are 1510 and 1506.

Plan B : Consider long only if market trades resiliently above 1510 and rebound. Targets are 1516 and 1520.

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