Tuesday, March 1, 2022

02 March 2022 BMD

                          LOCAL MARKET


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FKLI

FKLI closed lower on Tuesday due to profit taking activities despite the positive regional market performance.

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Plan A : Attempt long if market trades firmly above 1588.5. Targets are 1600 and 1612.

Plan B : Consider short if market surges but fails to breach above 1600. Targets are 1591 and 1588.5.





FCPO

FCPO surge up during the first and second section. Dalian closed +658 at 12340 while soybean oil traded -0.06 at 76.15. Ringgit remained at 4.19 against the greenback.

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Plan A : Long if market retraced but supported firm above 6713. Targets are 6746 and 6766.

Plan B : Short only if market failed to support above 6713. Targets are 6683 and 6656.






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, mining.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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