Sunday, November 17, 2019

18 November 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI still failed to breach above 1600's on last Friday as the whole world were anticipating an outcome from the trade deal between U.S. and China while on the other hand, Hong Kong's market was dragging the Asian markets down with their worsen situation with the protest.

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Plan A : Attempt to long as long if market stands firm above 1595.5. Cut below 1591. Targets are 1598, 1601 and 1604.
Plan B : Continue to hold sell if market does not breach above 1601. Cut above 1605. Targets are 1598, 1595, 1592.


FCPO

FCPO switch to February month today and once again raise the prices back to 2636 for the first session. Dalian closed slightly negative and soybean oil is lying at positive territories. Ringgit stays at RM4.15 against the greenback. 

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Afternoon Plan 


Plan A : Short if market failed to support above 2614. Targets are 2592 and 2584.
Plan B : Long if market retraced but supported firm above 2614. Targets are 2629 and 2642.



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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