Wednesday, June 1, 2022

2 Jun 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended lower, amid mixed performance on regional peers as investors remained cautious on uncertainties such as global recession, inflation and rising interest rates.

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Plan A : Consider short if the market stays below 1557. Targets are 1548 and 1543.

Plan B : Attempt long if the market stays above 1543. Targets are 1554 and 1560.




FCPO

FCPO surge up during the second section. Dalian closed +238 at 12062 while soybean oil traded -0.05 at 78.03. Ringgit weaken to 4.39 against the greenback.

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Plan A : Long if market supported firm above 6434. Targets are 6466 and 6480.

Plan B : Short only if market failed to support above 6434. Targets are 6405 and 6379.






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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