Monday, September 9, 2019

10 September 2019 BMD

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

LOCAL MARKET

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FKLI 

FKLI had quite a bumpy ride in the first session on last Friday but a rather flat movement in the second session as the market was anticipating a long weekend off due to the the Agong's birthday on Monday. 

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Plan A : Attempt to buy if market sustain firm above 1582
Plan B : Cut below 1578
Plan C : Consider selling only if market does not break above 1603
Plan D : Cut above 1608



FCPO

FCPO opened gap-up this morning and tipped at 2233 as of 12:07pm. Dalian and soybean oil are lying at positive territories while Ringgit strengthen against the greenback at RM4.16.

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Plan A : Sell if market failed to support above 2219. Targets are 2209 and 2186.
Plan B : Buy only if market retraced but supported firm above 2219. Targets are 2237 and 2258.
Plan C : Above 2226, no fresh position.
Plan D : Below 2212, no fresh position. 



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 and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correctaysion, 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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