Thursday, January 26, 2023

27 Jan 2023 BMD



 LOCAL MARKET


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FKLI

FKLI ended slightly lower with mild selling of selected heavyweights weighing on the barometer index.

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Plan A : Consider long if the market stays above 1499. Targets are 1503 and 1508.

Plan B : Attempt short if the market stays below 1499. Targets are 1494 and 1490



FCPO

FCPO surge up after opening and maintained above 3800'. Dalian closed for the week while soybean oil traded +0.08 at 60.87. Ringgit strengthen to RM4.22 against the greenback.

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Plan A : Long if market supported firm above 3848. Targets are 3871 and 3894.

Plan B : Short if market failed to support above 3848. Targets are 3811 and 3782.










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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