Wednesday, May 13, 2020

14 May 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI had a strong recovery yesterday to stamp its feet above 1390's by having a firm close at 1395.5, with the contribution from the rebounds in Dow market and KLCI.

However, our market may decline in the opening as the overnight Dow was down for more than 2%.

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

Plan A : Short if market breaks below 1386. Targets are 1382, 1378 and 1373. Cut above 1391.

Plan B : Long if market tested and rebounds from 1381. Targets are 1385, 1389 and 1394. Cut below 1378.



FCPO
FCPO successfully stay above 2000's mark today till mid-afternoon, signalling some positive vibe of rebound. Dalian closed +10 ended 4372 while soybean oil -0.09. Ringgit stays at RM4.33 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 2017. Targets are 2043 and 2065.

Plan B :
Short if market failed to support above 2017. Targets are 1992 and 1975.


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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