Sunday, October 13, 2019

14 October 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI rebounded to the peak at 1561 on last Friday but failed to stay firm above 1560's and closed at 1558. The market was partially boosted from the positive feedback between the two leaders from the trade deal.


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Plan A : Continue to hold long as long as market stays above 1563.5
Plan B : Cut below 1558
Plan C : Consider to short if market surges but does not beach above 1571
Plan D : Cut above 1575



FCPO

FCPO snapped a five-day winning streak amid weaker soybean oil prices and threat from India that they may restrict imports of palm oil from Malaysia.

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Plan A : Buy if market supported firm above 2191. Targets are 2212 and 2221.
Plan B : Sell if market fails to support above 2191. Targets are 2182 and 2165.

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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