Sunday, July 25, 2021

26 July 2021 BMD

                                    LOCAL MARKET


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FKLI

FKLI closed marginally higher on Friday as investors stayed cautious amid rising numbers in Covid-19 cases in Malaysia. 

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Plan A : Attempt buy if market trades resiliently above 1518. Targets are 1532 and 1539.

Plan B : Consider short only if market fails to hold above 1520. Targets are 1516 and 1510.



FCPO

FCPO dived to 4205 this morning but the market turnaround the second session, bringing the price back up to 4300's. Dalian closed +182 at 8366 while soybean oil traded -0.53 at 62.70. Ringgit stays at RM4.22 against the greenback.

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Plan A : Long if market supported firm above 4291. Targets are 4313 and 4328.

Plan B : Short if market failed to support above 4291. Targets are 4269 and 4245.



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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