Tuesday, July 2, 2019

03 July 2019 BMD

We are expanding to global markets. See next article for the trade plan.

LOCAL MARKET


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FKLI

FKLI continue to surge yesterday to 1690's but failed to break above 1700 as the market somehow resisted at this resistance level. However, the bullish signal is already shown and firmer if it breaks above 1700's today.

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Plan A : Continue to hold long if market stays above 1689
Plan B : Cut below 1685
Plan C : Consider selling if market does not breach above 1700
Plan D : Cut above 1705


FCPO

FCPO had a sudden surge yesterday during the final hour but the gain vanished today with market re-visit back to 1938 and closed 1945 for the first session. Dalian and soybean oil are weak while Ringgit hovers around RM4.13 to RM4.14 against the greenback.

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Plan A : Buy only if market supported firm above 1949. Targets are 1960 and 1978.
Plan B : Sell if market failed to support above 1949. Targets are 1933 and 1908.
Plan C : Above 1955, no fresh position.
Plan D : Below 1943, 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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