Sunday, October 6, 2019

07 October 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI continued to decline on last Friday despite a little effort tried to rebounds but the market still had a weak close at 1558. 

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Plan A : Continue to sell as long as the market stays below 1562
Plan B : Cut above 1567
Plan C : Consider buying if market tested and rebounds from 1548
Plan D : Cut below 1543



FCPO

FCPO remain stagnant within 2150's and 2160's without much progress like the previous days. Dalian remain close today and soybean oil is lying at slight positive territories. Whereas, Ringgit stays at RM4.18 against the greenback.

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Plan A : Buy if market supported firm above 2157. Targets are 2170, 2183 and 2196.
Plan B : Sell if market doesn't rebound much and failed to support above 2157. Targets are 2145, 2132 and 2120.
Plan C : Sell if market rebounded but resisted around 2178. Targets are 2162 and 2148.
  

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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