Monday, November 11, 2019

12 November 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI tipped at 1608.5 and declined to 1602.5, and tangled between this prices until it then closed at 1608.5. The global markets were a little shattered over the worsen riots in Hong Kong, which resulted a big drop in HSI yesterday.

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Plan A : Attempt to long if market stays firm above 1603.5. Cut below 1598.5.
Plan B : Targets are 1606, 1609 and 1612.5.
Plan C : Continue to sell if market does not breach above 1613. Cut above 1618.
Plan D : Targets are 1610, 1607.5 and 1604.



FCPO

FCPO continue to hover above 2600's today up to the mid-afternoon session, trying to breakthrough for a direction. Dalian closed positively strong while soybean oil is slightly positive at the moment. Ringgit stays at RM4.14 against the greenback.

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Plan A : Short if market failed to support above 2618. Targets are 2602 and 2584.
Plan B : Long only if market doesn't retrace much later supported firm above 2637. Targets are 2651 and 2664.  





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 prospectivinvestor 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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