Monday, March 9, 2020

10 March 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI plunged near 4% yesterday as the whole world was shocked by the oil price crashed for 30%. KLCI too was shredded in red as almost all counters were heavily dumped by the investors.

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Plan A : Continue to hold short when market does not breach above 1415.5. Targets are 1410, 1405.5 and 1401.
Plan B : Cut above 1420.
Plan C : Long only if market tested 1384 and rebounds. Targets are 1388, 1392 and 1395.5.
Plan D : Cut below 1380.


FCPO

FCPO opened higher this morning later dived to 2315 the second session, erasing all the gain. Dalian closed +26 ended 4898 and soybean oil is +0.48. Ringgit stays at RM4.22 against the greenback.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription. 

Afternoon Plan 
Plan A : Long if market supported firm above 2327. Targets are 2345 and 2368.
Plan B : Short if market rebounded but failed to support above 2342. Targets are 2323 and 2305.



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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