Sunday, June 12, 2022

13 Jun 2022 BMD


  LOCAL MARKET


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FKLI

FKLI ended lower dragged down by persistent selling across the board, in tandem with regional peers.

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Plan A : Consider short if the market stays below 1495. Targets are 1484 and 1477.

Plan B : Attempt long if the market stays above 1500. Targets are 1506 and 1513.




FCPO

FCPO plummeted down during the first and second section. Dalian closed -304 at 11282 while soybean oil traded -0.82 at 79.99. Ringgit weaken to 4.41 against the greenback.

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Plan A : Short only if market failed to support above 5848. Targets are 5811 and 5788.

Plan B : Long if market supported firm above 5848. Targets are 5873 and 5907.




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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