Thursday, June 9, 2022

10 Jun 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended lower across the board, in tandem with regional peers, amid the negative sentiment surrounding the region.

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Plan A : Consider short if the market stays below 1506. Targets are 1492 and 1485.

Plan B : Attempt long if the market stays above 1485. Targets are 1495 and 1500.



FCPO

FCPO plummeted down during the second section. Dalian closed -338 at 11512 while soybean oil traded -0.05 at 82.55. Ringgit remained at 4.39 against the greenback.

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Plan A : Short only if market failed to support above 6203. Targets are 6175 and 6148.

Plan B : Long if market supported firm above 6203. Targets are 6246 and 6262.








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
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