Saturday, March 19, 2022

21 March 2022 BMD

                             LOCAL MARKET


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FKLI

KLCI ended the week on a flattish note following a roller coaster session due to foreign buying during the last minutes of trading while FKLI dived during the final 30-minutes of trading on Friday.

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Plan A : Remain short as long as market stays trading below 1583. Targets are 1574 and 1570.

Plan B : Consider long if market corrects but supports firmly above 1570. Targets are 1580 and 1583.





FCPO

FCPO surge up on the second section. Dalian closed -252 at 10900 while soybean oil traded +1.17 at 73.46. Ringgit weakened to 4.20 against the greenback.

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Plan A : Long if market retraced but supported firm above 5795. Targets are 5820 and 5842.

Plan B : Short only if market failed to support above 5795. Targets are 5768 and 5745.



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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