Sunday, April 19, 2020

20 April 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI finally broke above 1400's and stayed firm above this level and settled at 1407.5 at the end of the week. The market opened with a higher gap due to the surge in the Dow and then the market was then contributed by the regional as well as the recoveries in KLCI.

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Plan A : Long if market rebounds from 1407.5. Targets are 1411, 1415 and 1419.5.
Plan B : Cut below 1404.
Plan C : Short if market surges but does not breach above 1425. Targets are 1421, 1418 and 1414.
Plan D : Cut above 1429.



FCPO

FCPO gained this morning later flattened, waiting for a breakthrough. Dalian closed +80 ended 4914 while soybean oil -0.24. Ringgit stays at RM4.37 against the greenback.

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

Plan A : Long if market supported firm above 2253. Targets are 2278 and 2302.
Plan B : Short if market failed to support above 2253. Targets are 2228 and 2201.



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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