Thursday, April 28, 2022

29 April 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended higher on Thursday due to improving market sentiment across the region.

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Plan A : Consider long if the market stays above 1592. Targets are 1602 and 1607.

Plan B : Attempt short if market trade below 1590. Targets are 1587 and 1577.



FCPO

FCPO eventually supported firm above 7000 today after a few attempts for correction over the past two days. Dalian closed +386 at 12290 while soybean oil traded +0.34 at 86.94. Ringgit stays firm at RM4.35 against the greenback.

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Plan A : Long if market retraced but supported firm above 7000. Targets are 7025 and 7059.

Plan B : Short if market failed to support above 7000. Targets are 6978 and 6955.











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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