Thursday, April 18, 2019

19 April 2019

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FKLI

FKLI rebounded right from the support level at 1609.5 and closed at 1619 by the end of day showing that the buyers were not giving up to the market. However, the overall market trend is still showing a selling signal, any technical rebounds at this moment would still be seeing as a chance to sell.

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Plan A : Attempt selling if FKLI rebounded but resisted before 1625.
Plan B : Cut above 1630.
Plan C : Consider buying if FKLI does not break below 1620
Plan D : Cut below 1616.



FCPO

FCPO prices re-gain from its loss ground today after a strong footing at 2164 the previous day. Dalian is slightly weak this morning while Ringgit hovers around RM4.12 to RM4.14 against the greenback.

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Afternoon Plan
Plan A : Buy only if market supported firm above 2192. Targets are 2203, 2217 and 2235.
Plan B : Sell if market failed to support above 2192. Targets are 2182 and 2165.
Plan C : Above 2199, no fresh position.
Plan D : Below 2185, no fresh position.


Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters 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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