Monday, November 25, 2019

26 November 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI failed to sustain above 1600's and gradually declined and closed at the low of the day at 1586.5, resulting the selling pressure boosted in the market.

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Plan A : Attempt to long if market tested and rebounds from 1582.5. Cut below 1578.
Plan B : Targets are 1585, 1588 and 1591.
Plan C : Attempt to sell if markets does not breach above 1591. Cut above 1595.
Plan D :Targets are 1588, 1585 and 1582.5.


FCPO

FCPO had a weak close after it had declined from the tip to closed at near day's low. Today the market could have continue to go lower as Dalian and bean are both declining.

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Plan A : Long only if market tested and rebounds from 2690. Targets are 2715, 2735 and 2760.
Plan B : Short if market falls below 2713. Targets are 2695, 2675 and 2650.

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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