19 July 2021 BMD

             LOCAL MARKET

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FKLI

FKLI closed little changed on Friday, backed by bargain hunting activities in heavyweight counters. However, market is expected to open lower today after U.S. market down on Friday amid concerns with the Delta variant viruses.

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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. Targets are 1518 and 1523.

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.