Sunday, September 22, 2019

23 September 2019 BMD

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

LOCAL MARKET

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FKLI 

FKLI continues to trade in sideways as the market is lack of certain boosts to create a movement, despite the market is showing slight bearish signals, but the traders are being cautious.

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Plan A : Continue to hold short as long as market stays below 1591

Plan B : Cut above 1595
Plan C : Attempt buying only if market rebounds from 1582
Plan D : Cut below 1578


FCPO

FCPO opened high last week and faced profit taking activities for the remainder of the week. Market might continue to face further profit taking today but it will be important for the market to at least hold above 2205 to avoid further sell down.

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Plan A : Sell if market trades consistently below 2225. Targets are 2213 and 2205.
Plan B : Buy if market test and rebound from 2205. Targets are 2213 and 2225.
Plan C : Above 2231, no fresh position
Plan D : Below 2205, 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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