Thursday, May 21, 2020

22 May 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI continued to climb to 1440's yesterday and tipped at 1449 with the contribution from the strong push in KLCI. It has been climbing high for sixth day consecutively, hence investors are asked to be cautious for profit-taking activities as the long-weekend is just a stone away due to Hari Raya. 

BMD will resume operation on the Wednesday (27 May 2020).


To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription. 
Plan A : Attempt to short if market breaks below 1441. Targets are 1437, 1433 and 1428. Cut above 1445.

Plan B : Long if market stays firm above 1441. Targets are 1445, 1449 and 1453. Cut below 1437.



FCPO

FCPO opened lower first session, losing back the gain from the previous day. Dalian closed -98 ended 4480 while soybean oil -0.38. Ringgit stays at RM4.36 against the greenback.

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

Plan A : Short if market failed to support above 2161. Targets are 2139 and 2111.

Plan B : Long if market supported firm above 2161. Targets are 2180 and 2205.



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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